Coffee Address Holding bond issue

About Coffee Address Holding

As the leading provider of self-service premium coffee and convenience food solutions in the Baltics, Coffee Address Holding serves over 5,000 blue-chip companies across various sectors.

The Group operates in three primary segments: Vending (52% of revenue), Commercial (29%), and Office Coffee Solutions (19%). Additionally, a new Food Solutions segment is under development, with successful pilot projects demonstrating its potential.

The Vending segment, which generates revenue from over 5,600 strategically placed machines, benefits from stable coffee demand, even during economic downturns. The Commercial segment serves high-traffic locations such as gas stations and convenience stores, while Office Coffee Solutions provides premium coffee services to corporate clients.

The Group’s strong supplier relationships and focus on operational efficiency—enhanced by digital processes and AI-optimized routing—set it apart in the market.

Since 2017, Coffee Address has achieved a compound annual growth rate (CAGR) of 28%, driven by a combination of successful M&A transactions and organic growth.The proceeds from the bond issue will support the Group’s growth strategy, including investments in expanding the Food Solutions segment in the Baltics and funding M&A transactions in the CEE region.

More information:

https://signetbank.com/wp-content/uploads/2025/02/CAH-teaser-EN.pdf

Presentation:

https://signetbank.com/wp-content/uploads/2025/02/2025-02-14-Coffee-Address-Investor-presentation.pdf

Term Sheet

Issuer

SIA Coffee Address Holding

Security type

Unsecured (guaranteed) notes

Offer type

Private placement

Guarantee

Corporate guarantee from Coffee Address SIA, Coffee Address UAB, Coffee Address OU

Issue size

EUR 5,000,000

Coupon rate

8.50%

Coupon frequency

Quarterly

Term / Maturity

3 years

Principal repayment

Maturity date, bullet

Call Option

Year 1 – no call
Year 2 – @102%
6 months before maturity – @100%

Put Option

Change of Control – @101%

Nominal value

EUR 1,000

Minimum subscription

EUR 100,000

Listing

Listing on Nasdaq Riga First North within 6 months after the Issue Date

Use of proceeds

General corporate purposes: financing of M&A activities and other investment projects

Covenants1

 Equity ratio of min 30%
 Net Debt / EBITDA of max 3.5x
 DSCR of min 1.1x

Arranger

Signet Bank AS

Legal Advisor

ZAB COBALT SIA