LKOS Law Office Advised Signet Bank AS on Refinancing and Collateral Arrangements

LKOS Law Office advised Signet Bank AS on the Finnish law aspects of its EUR 5 million refinancing loan facility agreement and related collateral.

About Signet Bank
Signet Bank is Latvia’s leading investment bank, founded in 1991 as one of the first banks in independent Latvia. The bank offers sustainable financing and investment solutions to local entrepreneurs and businesses. Since 2021, Signet Bank has raised over EUR 500 million for more than 40 Latvian companies through bond and equity issues. As of 2024, funds under management have reached EUR 1.6 billion. Signet Bank is the leading arranger of corporate bond and equity issues in Latvia and one of the top stockbrokers in the Baltics.

Our Role
When Signet Bank AS sought legal support for a refinancing arrangement involving cross-border elements, they turned to us for guidance on Finnish legislation governing security and guarantees. Our role was to ensure that their approach complied with local requirements—clearly, efficiently, and without unnecessary complication.

Working closely with the client, we helped structure and implement the collateral arrangements needed to support the refinancing. In addition to advising on the legal framework, we coordinated the practical steps essential for smooth execution.

This matter reflects the kind of work we do best: helping clients move forward with confidence, backed by legal advice that is both precise and pragmatic.

Signet Bank’s shareholders include eighteen Latvian and international private investors. The largest shareholders are Signet Acquisition III (whose sole shareholder is U.S. investor Aleksandrs Solovejs), AS “RIT Group” (a Latvian company owned by the Rapoport family), and SIA “Reglink” (founded by banking professional Irīna Pīgozne).