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White & Case Advises PPF Arena 1 on EUR 500 Million Debt Issuance

White & Case Advises PPF Arena 1 on EUR 500 Million Debt Issuance

Czech Republic
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White & Case has advised PPF Arena 1 B.V. on the issuance of EUR 500 million 2.125% notes due 31 January 2025, which were admitted to trading on the Global Exchange Market of Euronext Dublin.

The notes are guaranteed by certain subsidiaries of PPF Arena 1 B.V. and secured by a common security package over the group’s assets in multiple jurisdictions alongside the pari passu senior bank debt. BNP Paribas, HSBC France, Societe Generale and UniCredit Bank AG acted as global coordinators and joint lead managers, and Credit Agricole CIB, Credit Suisse Securities (Europe) Limited and PPF bank acted as co-managers.

The White & Case team that advised on the transaction was led by Prague Local Partner Petr Hudec and included London Partner Stuart Matty, Prague Associates Petr Smerkl and Jan Vacula, and London Associate Neha Saran.

This year alone, White & Case has advised PPF on the establishment of its EUR 3 billion Medium Term Note Programme and the debut issuance of EUR 550 million 3.125% notes due March 2026 (as reported by CEE Legal Matter on April 9, 2019), the sale of its stake in Telenor Hungary (as reported by CEE Legal Matters on November 7, 2019), and its USD 2.1 billion acquisition of Central European Media Enterprises (as reported by CEE Legal Matters on November 6, 2019).

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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