On 15 November 2019, ExpressCredit registered in Nasdaq CSD a new secured notes issue with the following characteristics: 

The new notes issue will be added to the common framework of ExpressCredit group’s secured creditors. According to this structure, all claims by note holders of the existing (LV0000802213, LV0000801322) and new notes issue (LV0000802379), as well as by Mintos Finance will be secured with all property and receivables owned by ExpressCredit group as a commercial pledge. Eversheds Sutherland Bitāns will act as the collateral agent as set by the new structure of secured liabilities.

Notes issue will be structured as a private placement with minimum subscription amount of EUR 100,000.

Placement of the notes is arranged by BlueOrange Bank.

Contact person: Edmunds Antufjevs,

E-mail: edmunds.antufjevs@blueorangebank.com,

Phone: +371 28330401

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SIA ExpressCredit is a licensed consumer lending company founded in 2009. The Group is represented by the brands "Banknote", "VIZIA" and "Riga City Pawnshop". The Group's core services are consumer loans, distance loans, pawn broking loans and money transfers in partnership with Western Union. In total, the Group operates in 39 Latvian cities and populated areas, a total of 89 branches, employs more than 270 professionals and has paid 2.7 million euros in taxes for the year 2018. SIA ExpressCredit is a member of LAFPA and LTRK and has qualified for Gold level status of SRS cooperation program.