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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

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.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• 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.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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