CMS has advised a club of Czech banks including Ceska Sporitelna, Ceskoslovenska Obchodni Banka, Komercni Banka, and Raiffeisenbank, on financing for Smarty Brands Group.
Smarty is a Czech Republic-based retailer and distributor of consumer electronics and mobile phones.
According to CMS, the financing, designed to refinance existing debt and provide additional funds for operational needs and 2025 investments, consolidates the banks’ bilateral arrangements under one umbrella facilities agreement. Selected lenders continue to provide standalone financing supported by the European Investment Fund, with intercreditor provisions enabling coexistence with senior financing.
The CMS team included Partner Petra Mysakova, Senior Associate Zuzana Nikodemova, Associate David Bujgl, Lawyer Matej Eberle, and Junior Lawyer Michal Vaclavik.
CMS was unable to provide additional information on the matter.
