Over 99% of Noteholders approve amendments and extension of Graanul Invest’s €630M notes

An ad hoc committee of senior secured noteholders supported the amendment and extension of the senior secured notes of Graanul Invest group, Europe’s largest producer of industrial-grade sustainable wood pellets.

The transaction, which closed on 27 August 2025, received overwhelming consent from more than 99% of noteholders. The transaction involved a partial paydown of €55 million and exchange of the EUR 630 million senior secured fixed and floating rate notes for approximately €581 million of new and amended notes due 2029.

WALLESS advised the committee of noteholders in cooperation with the lead global counsel Latham & Watkins. The WALLESS team included Partners Andres Siigur and Rolan Jankelevitsh, Associate Partner Valters Diure, Senior Associates Elina Dindendorfa, Baiba Krieviņa-Sutora and Kaisa Saarmann, and Tax Experts Ingūna Ābele and Ivo Vanasaun