Exactly, this is not an ordinary bank. Understanding the customer’s needs and experiences is one of our core operating principles. We do not apply a standard approach for achieving customer goals, each solution is found by thoroughly analysing each situation individually and following the global trends in the industry.
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
Coffee Address is the market leader in the Baltics, providing self-service premium coffee and convenience food solutions.
Goup has around 5 000 clients and operates in three main segments: vending, retail and convenience, and office solutions.
Group serves a diversified client base with loyal blue-chip customers, including leading gas stations (e.g. Cirkle K), banks (e.g. Swedbank, SEB), and airports (e.g. Riga Airport).
The proceeds from the bond issue will be directed to refinancing of the Group’s existing near-term liabilities with the goal to extend and optimize its debt maturity profile.
Since 2017 Coffee Address has been 100% owned by BaltCap, the leading private equity manager in the Baltics.
SIA Coffee Address Holding
5 000 000 EUR
@102% after 1st year, @100.5% last 3 months before maturity
EUR 1 000
EUR 100 000
• Refinancing of existing liabilities
• DSCR of min 1.1x • Adjusted Equity ratio of min 30% • Net Debt / EBITDA of max 4x from the Issue Date, max 3x starting from July 2023
Planned listing on Nasdaq First North within 12 months from issue date
Signet Bank AS