Signet Bank AS Antonijas street 3, Riga, LV 1010, Latvia
Phone: +371 67 080 000 Fax: +371 67 080 001 E-mail: [email protected]
Monday to Friday 9:00 a.m. – 17:30 p.m
With its origins dating back to 1994, SIA L. J. Linen (Group) is a family owned B2B agro-products trading company with presence in 4 continents and 50+ countries, and with approximately 161 suppliers and 354 clients worldwide.
The Group trades animal origin products and grains that have wide application in animal feeds, organic fertilizers, pet food, aquafeed, biodiesel, and cosmetics.
The Group sources goods from nearly all producers of animal proteins and fats in the EU, with key suppliers Saria and Darling Ingredients – two of the largest global producers.
L. J. Linen is wholly owned by the founder and Chairman of the Management Board Jānis Kuļikovskis. The Management team is formed by a combination of family members and market professionals, all with significant experience in the industry.
By linking animal by-product recyclers with animal food and other goods producers, the Group boosts the use of processed animal proteins and fats. This feed ingredient trading supports the circular economy and reduces fossil fuel dependency, enabling an environmentally sustainable business model.
The Group has grown at a CAGR of 36.6% since 2020, increasing its top-line from EUR 16.3m to EUR 56.6m in 2024.
Additional information:https://ljlinen.com/
Presentation
SIA L.J. Linen
Unsecured Guaranteed Notes
Private placement
Corporate guarantee from SIA Jaze Capital Holdings, SIA Afrifeed, LIONPRO B.V. and any Material Subsidiary
Up to EUR 8,000,000
Up to EUR 10,000,000
11.00%
Monthly
3 years
Maturity date, bullet
• @102% + all remaining coupons for the year during the 1st year • @102% after the 1st year • @101% after the 2nd year • @100% 6 months before maturity
Change of Control – @101%
EUR 1,000
EUR 100,000
Listing on Nasdaq Riga First North within 12 months after the Issue Date
Financing general corporate purposes
• Interest Coverage Ratio min 3.0x • Equity Ratio min 25% • Net Debt / EBITDA max 4x during the first year from the Issue date; max 3x onwards
Signet Bank AS
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