Baker McKenzie Prague advised a syndicate of banks comprising several international banks and Komerční banka, a.s. (acting as agent of the finance parties) on a EUR 1 billion term and revolving facilities agreement with Energetický a průmyslový holding, a.s. (EPH). The facilities are unsecured and rank pari passu with other financial indebtedness of EPH and have a three-year term.
The facilities were arranged by Bank of China (CEE) Ltd., COMMERZBANK Aktiengesellschaft acting through COMMERZBANK Aktiengesellschaft, pobočka Praha, Credit Suisse AG, HSBC Continental Europe, ING Bank N.V., Prague branch, Komerční banka, a.s., SMBC Bank EU AG and UniCredit Bank Czech Republic and Slovakia a.s. who acted as mandated lead arrangers and bookrunners, and Citibank Europe plc who acted as mandated lead arranger.
The Baker McKenzie Prague team advising on the transaction was led by partner Libor Basl, and consisted of senior associate Lukáš Hron, associate Petr Vojtěch and Junior Associate Ivana Madejová.
EPH is a leading Central European energy group that includes more than 70 companies with revenues of EUR 8.6 billion, and employs around 25,000 people.