Dentons has advised the CPI Property Group on its new five-year term EUR 700 million revolving credit facility with ten international banks, including Banco Santander, Barclays, Credit Suisse, Goldman Sachs, HSBC, J.P. Morgan, Komercni Banka, Raiffeisen Bank AG, UniCredit, and Bank of China. Allen & Overy’s London office reportedly advised the banks on the deal.
According to Dentons, the new facility will replace CPIPG's existing EUR 510 million revolving credit facility.
This deal marks another in a string of transactions Dentons advised the CPIPG on. The firm recently advised the group on the issue of EUR 525 million subordinated notes callable in November 2026 (as reported by CEE Legal Matters on September 25, 2020).
CPI Property Group is a developer of real estate in Central and Eastern Europe. The company’s property portfolio is valued at EUR 9.8 billion, with occupancy of 94.8%.
The Dentons team included, in Prague, Partner Jiri Tomola and Senior Associate Martin Mandulak, and in London, Partner Catherine Astruc and Senior Associate Adam Jones.