CrossChem bond issue

About the Company

CrossChem is a Latvia-based company that produces, develops and supplies chemical goods and additional products related to their use, storage and transportation. 

Founded in 2007, the Company has become a global player, operating in more than 20 countries and exporting to over 50 countries across the World. The headquarters and production plant are located in Latvia, in the Olaine area, just outside of Riga

The Company’s product portfolio is tailored to serve various industries, particularly transportation, agriculture, and manufacturing. Its flagship products and services include AdBlue®, AdBlue® filling stations (21 across Latvia and Estonia), chemical logistics and handling, as well as the production of a range of other chemical products used in water treatment, antifreeze solutions, and industrial cleaning.

During 6M 2024, the Company’s revenue reached EUR 12.6 million, reflecting a 33% increase compared to the same period in 2023. Around 87% of the revenue in the first half of 2024 was generated within the European Union, with 38% coming from Latvia and 49% from the rest of Europe.

As of June 2024, CrossChem boasts robust financial metrics, including an equity ratio of 36.3% and an interest coverage ratio of 5.4x.The new bond issue is guaranteed by a corporate guarantee of SIA CrossChem International, shareholder of the Company.

Additional information:

https://signetbank.com/wp-content/uploads/2024/10/241016-CrossChem-teaser-EN.pdf

Term Sheet