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Dentons Advises CPIPG on EUR 1.852 Billion Forward Start Facility

Dentons Advises CPIPG on EUR 1.852 Billion Forward Start Facility

Czech Republic
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Dentons has advised the CPI Property Group on a EUR 1.852 billion forward start facility to refinance the two-year bridge loans for the acquisitions of Immofinanz and S IMMO, extending their maturity until 2025. Reportedly, Linklaters advised the lenders.

According to Dentons, the new facility was provided by a syndicate of international banks, including Banco Santander as a global coordinator and underwriter, as well as Raiffeisen Bank International, Societe Generale, Komercni Banka, and Erste Group Bank.

CPI Property Group owns income-generating real estate in Europe, focusing primarily on the Czech Republic, Berlin, and the CEE region.

Last year, in 2021, Dentons advised the CPI Property Group on the EUR 2.5 billion Immofinanz takeover financing (as reported by CEE Legal Matters on December 20, 2021) and, earlier this year, on the EUR 1.25 billion S IMMO takeover financing (as reported by CEE Legal Matters on May 2, 2022).

Dentons’ team included Prague-based Partner Jiri Tomola, Counsel Martin Mandulak, and Associate Ondrej Vales, with further team members in Luxembourg.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

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