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Schoenherr and CMS Advise on Breiteneder Immobilien Parking Group's Notes Deals

Schoenherr and CMS Advise on Breiteneder Immobilien Parking Group's Notes Deals

Austria
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Schoenherr has advised Erste Group Bank on Breiteneder Immobilien Parking Group's invitation to existing holders to exchange their notes issued in 2018 for the recently issued Breiteneder Immobilien Parking 4.875% notes 2024-2030. The firm also advised Erste Group Bank as the lead manager and Oberbank as co-lead manager on the subsequent successful tap issue of the 2024-2030 notes. CMS advised the issuer.

Breiteneder Immobilien Parking Group is a developer, owner, and operator of parking and mobility infrastructure and projects in other asset classes in Central and Southeastern Europe.

According to Schoenherr, "the two notes tranches with an aggregate principal amount of EUR 80 million were issued under the EUR 150 million debt issuance program of Breiteneder Immobilien Parking Group. The bonds issued under Austrian law bear interest at 4.875%, mature in 2030, and are irrevocably and unconditionally guaranteed by Breiteneder Immobilien Parking. The Breiteneder Immobilien Parking 4.875% notes 2024-2030 were successfully placed both in the course of the exchange offer as well as during the subsequent tap issue."

The Schoenherr team included Partner Christoph Moser, Attorney at Law Angelika Fischer, and Associate Daniel Gritsch.

The CMS team included Partners Martin Zuffer, Walter Gapp, and Philipp Mark, Attorney at Law Shivam Subhash, and Associate Lucas Dummer.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.