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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

HAVEL & PARTNERS, attorneys-at-law, with offices in Prague, Brno, Bratislava, Pilsen, Olomouc, and Ostrava, has a team of 220 lawyers, tax advisors and 500 employees in total, is the largest independent law firm in Central Europe.

Our clients include large international companies, leading Czech and Slovak firms, including strategic state-owned companies and public sector authorities, as well as medium-size businesses, individual entrepreneurs, and investors. We advise approximately 100 of the Fortune 500 companies, and almost 50 of the Czech Top 100 companies. HAVEL & PARTNERS currently provides its services to a total of 2,000 clients. We have the most comprehensive international support available to both Czech and Slovak law firms. We provide legal and tax advice in 12 world languages in more than 90 countries around the globe. Up to 70 % of the transactions we deal with involve an international aspect.

HAVEL & PARTNERS was named the best law firm operating in the Czech Republic by the prestigious British rating agencies Chambers and Partners (2020) and Who’s Who Legal (2018, 2019). It is also the most successful law firm, providing the most comprehensive legal services in the Czech Republic and Slovakia, based on the total number of all nominations and awards in all years of the Law Firm of the Year awards. The firm became the absolute winner of this competition four times in the last six years, receiving the main award Domestic Law Firm of the Year in the Czech Republic (2015, 2017, 2018, 2020) and ranking as one of the most recommended law firms in all categories of law. Our company is also a three-time winner of the Law Firm of the Year award for Best Client Services (2015, 2016, 2019). In the field of M&A, HAVEL & PARTNERS is the best law firm in the Czech Republic based on the annual International Advisory Experts awards (2018, 2019). In Slovakia, it also won the prestigious global M&A Today Awards (2013–2018) for Mergers & Acquisitions six times in a row, and repeatedly won first place in the ranking by Lawyer International Legal 100 (2017, 2018). Prestigious international rating agencies EMIS DealWatch and Mergermarket have ranked HAVEL & PARTNERS among the leading law firms by the number of transactions completed in the entire CEE region since 2009. Based on annual awards of the Acquisition International magazine, HAVEL & PARTNERS has become the Law Firm of the Year 2019 in the M&A category in the CEE region.

Firm's website: https://www.havelpartners.cz/en/

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