Sat, May
48 New Articles

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
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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).

Poland Knowledge Partner

Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

Our attorneys will work closely with you, providing you with the hard skills, service-minded know-how, and legal expertise that will keep you secure while you lead the market.

Our skills are at your disposal:

  • Expertise and passion wrapped up in a personal service
  • Close-knit team providing a multidisciplinary approach
  • Ability to listen, understand, and deliver for the tangible benefit of the client.

The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

Our Latest Issue