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Dentons Advises CPI Property Group on EUR 635 Million Bridge Loan

Dentons Advises CPI Property Group on EUR 635 Million Bridge Loan

Czech Republic
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Dentons has advised the CPI Property Group on its EUR 635 million three-year bridge loan from Santander, Societe Generale, Komercni Banka, Raiffeisen, SMBC, Barclays, and Erste Bank to replace the group's existing loans related to its recent acquisitions of Immofinanz and S Immo. Linklaters reportedly advised the banks.

The CPI Property Group is an owner of income-generating European real estate. It focuses on the Czech Republic, Berlin, Warsaw, and the CEE region and has approximately EUR 21 billion in assets.

"The loan is strategic for the group as it proactively extends maturities of the two acquisition loans to further support our ratings," CPIPG General Counsel Martin Matula commented.

Dentons also advised CPI on the initial financing deals for the two acquisitions: the EUR 2.5 billion bridge loan facility to finance its takeover of Immofinanz AG (as reported by CEE Legal Matters on December 20, 2021) and the EUR 1.25 billion bridge loan facility to finance the takeover of S Immo (as reported by CEE Legal Matters on May 2, 2022).

The Dentons team was led by Partner Jiri Tomola and included Partner Ondrej Barton and Associates Vojtech Laga and Eva Kozlova, with further lawyers in London and Luxembourg.

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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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