Consulting services and management of liability’s restructuring process
In 2016 Callidus Capital provided consulting services and managed Latvijas Piens liability’s restructuring process, which resulted in an agreement, which was reached with the State Treasury for the State guarantee the interest rate reduction and change in repayment schedule of commitments and in an agreement, which was reached with the credit institutions, that was financing Latvijas Piens, which extended the repayment schedule and significantly reduced monthly principal payments. In addition Callidus Capital provided consulting services to Latvijas Piens shareholders LATRAPS and DZĒSE for capitalization of debts in the share capital, resulting in increase of share capital of Latvijas Piens by EUR 3 million.
