Dentons has successfully advised CPI Property Group on an update of a revolving credit facility, the issue of USD 350 million Reg S bonds, and a EUR 170 million senior unsecured Schuldschein. Allen & Overy reportedly advised the banks - Barclays, Credit Suisse, Deutsche Bank, HSBC, J.P. Morgan, Komercni Banka, Nomura, Raiffeisen Bank, UniCredit, Goldman Sachs, and Bank of China - on the credit facility update.
The first of the three matters involved a EUR 510 million 3-year unsecured revolving credit facility, which replaced CPI's existing EUR 80 million and EUR 150 million revolving facilities, which were both scheduled to mature in 2020.
The bond issue included USD 350 million notes due 2023 and HKD 450 million notes due 2024, each listed on the Main Market of the Irish Stock Exchange plc (trading as Euronext Dublin) pursuant to CPI's EUR 3 billion EMTN program.
The Dentons team was co-led by Prague-based Partner Jiri Tomola and London-based Partners Nick Hayday, and Catherine Astruc. The team also included Prague-based Associates Martin Mandulak and Ivo Hartmann, London-based Associate Moeen Qayum, Munich-based Partner Matthias Eggert and Associate Timo Riester, and Luxembourg-based Partner Stephane Hadet and Associate Olivier Lesage.