About Company
Established in 2018 GIVEN is one of the largest and fastest growing jewelry retailers in Baltics with presence in top shopping centers and over 100 employees.
The Group offers wide assortment of high-quality jewelry at affordable prices and unique private brands and has a well-developed e-commerce platform.
The founder and largest shareholder of GIVEN Ainārs Spriņģis is a successful Latvian entrepreneur with 20 years of experience in jewelry industry (as the founder of Grenardi and retail.
The Group has a strong equity base, with Capitalization ratio of 62% (as of 6M 2021), demonstrating shareholder support in the Group’s strategy
Term Sheet
AS GIVEN Jewellery
Jewelry retail
Private placement
Senior secured bonds
EUR 2 500 000
6%
30.04.2024
@101% after 1st year,
@100% last 3 months before maturity
EUR 1 000
EUR 100 000
• Refinancing of existing liabilities
• Working capital investments
• Interest coverage ratio at least 1.25x
• Capitalization ratio at least 15%
Planned listing on Nasdaq First North within 12 months from issue date
Signet Bank AS