Evernord FMĮ distributed a €1.2 million bond issue by the debt collection company Legal Balance. Legal Balance consistently borrows through bonds and invests in debt in order to maintain an optimal capital structure. The company also aims to maintain an equity ratio of at least 20%.
About the bonds distributed by Evernord:
- Issue size – EUR 1.2 million;
- Annual interest rate – 6.2% + 6-month Euribor;
- Interest paid to investors quarterly;
- Bond redemption date – October 10, 2028;
- Bonds secured by first mortgage.
“Our long-standing partnership with Legal Balance allows us to rely on the consistency of the company’s strategy as a partner. The company’s results – EBITDA and pre-tax profit – are growing. In the first quarter of this year alone, the company invested over €4.2 million in debt purchases and recovered over €3.9 million from purchased debts during the same period. The figures confirm that the company is operating efficiently, which convinces investors who lend to the company through bonds,” notes Vismantė Šepetienė, head of Evernord FMĮ.
Marius Šlepetis, Head of Legal Balance: “Evernord not only helps our company attract capital—their insights and active involvement allow us to create sustainable value for investors and clients. Over the years of our cooperation, Evernord has become a reliable financial partner. We know that we can rely on their professionalism at every stage.”
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