Czech Republic: Schoenherr advises APS on refinancing of public bonds issue
Schoenherr advised APS, a leading group in non-performing loan portfolio servicing and NPL investment advisory activities in the CEE and SEE region, on the refinancing of the existing indebtedness under CZK 620m (approx. EUR 24m) public bonds traded on the Prague Stock Exchange, by way of a loan facility from UniCredit Bank Czech Republic and Slovakia, a.s.
The firm's Prague team provided comprehensive advice to APS, including the negotiation of the facility agreement and other finance documents, and coordinated local counsels in six other jurisdictions – Hungary, Croatia, Romania, Bosnia and Herzegovina, Montenegro and Luxembourg.
"We were delighted to support APS in this transaction, being able to offer a seamless transactional experience across seven jurisdictions," Vladimír Čížek and Michal Jendželovský said after the successful closing of the transaction. "The cooperation with the APS team was highly efficient."
APS is a Czech Republic-based alternative asset management firm with assets under advisement exceeding EUR 9.4bln present in 15 jurisdictions in CEE/SEE and with additional presence in Asia (Vietnam and Hong Kong). The APS group provides full-scope services to many institutional investors in NPL portfolios as well as to banks, leasing providers, and telecommunications and utility companies, investment advisory with respect to distressed debt and assets and identification, and investments into and asset management of real estate assets.
UniCredit Bank Czech Republic and Slovakia, a.s. is a Czech and Slovak bank based in Prague. It is one of the strongest banks on the market in the area of project, structured and syndicated financing, corporate financing and export financing. The bank has also built an exceptionally strong position in the area of acquisition financing and ranks first in the financing of commercial real estate. UniCredit Bank Czech Republic and Slovakia, a.s. belongs to the UniCredit Group, which operates in 17 European countries.
The Schoenherr team advising on the transaction was led by Vladimír Čížek (partner) and Michal Jendželovský (attorney at law).
UniCredit Bank Czech Republic and Slovakia, a.s. was represented by DENTONS.
Nauta Dutilh acted as local counsel to the borrower in Luxembourg.