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Dentons Advises CPI Property Group on Series of Capital Markets and Financing Transactions

Dentons Advises CPI Property Group on Series of Capital Markets and Financing Transactions

Czech Republic
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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

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For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

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• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

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