Amber Beverage Group (ABG) has issued €30M ($33.2M) in bonds to finance its automated warehouse project to enhance efficiencies and expand logistics capacity.
ABG issued senior secured four-year bonds, with investor demand surpassing €45 million (US$49.8m), and Signet Bank served as the bond issue's arranger.
The new facility in Latvia's Freeport of Riga will be a fully automated logistics center spanning 24,000 sqm and increasing warehouse capacity by approximately 30%.
- ABG's 2022 preliminary financial results indicate sales of €365.8M.
- The company operates in 16 countries, including Austria, Germany, Mexico, and the U.K.
- The portfolio of ABG includes brands such as Kah Tequila, Moskovskaya Vodka, The Irishman, and Writers' Tears.
