414 | 2016 | The Leanding Law Firms
in the Czech Republic than White & Case over this period. White & Case has the largest and most experienced bank finance team in the Czech Republic, and has completed more than 150 financing transactions in the last twelve months. As demonstrated below, we played a leading role on the largest financing ever executed in the Czech Republic, and many of the deals executed by our team include first-of-akind structures, bringing global best practice bank finance techniques to clients operating here. This includes being the only law firm in Prague with the local capability to offer Czech, English and U.S. law expertise on all types of financings, including senior, mezzanine and high-yield financings.
SELECTED SIGNIFICANT PUBLIC MATTERS FROM LAST 12 MONTHS Our strengths in the Czech Republic have led us to have an excellent last twelve months, as one can see from the multiple multi-billion dollar headline mandates outlined below. We have achieved these results despite one of the toughest markets for decades. We believe the items below best highlight our strength as a legal service provider in the Czech Republic. White
& Case represented Banca IMI S.P.A., BNP Paribas Fortis SA/NV, Československá obchodní banka, a.s., ING Bank N.V., Komerční banka, a.s., SOCIÉTÉ GÉNÉRALE S.A. and UniCredit Bank Czech Republic and Slovakia, a.s. in their role as financing coordinators for Česká telekomunikační infrastruktura, a.s., the operator of the largest data and communication network in the Czech Republic. This transaction was the largest financing operation in 2015 in the Czech Republic. It was also the most important among those transactions in the Czech Republic whose structure involved a whitewash procedure, so as to resolve the restrictions arising from the ban on financial assistance. White & Case is representing TAMEH, an energy group that is a joint venture of ArcelorMittal and Tauron, in up to CZK 2.39 billion and PLN 507 million senior term and revolving facilities provided to the TAMEH group by a syndicate of global lenders arranged by Raiffeisen Bank International AG, Raiffeisen Bank Polska S.A. and Raiffeisenbank a.s. The senior facilities were preceded
by a CZK 1.2 billion bridge facility provided to the Czech subsidiary of the TAMEH Group by Raiffeisenbank a.s. White & Case advise a consortium of eleven banks, led by UniCredit, in connection with the €1 billion financing of EP Energy, a subsidiary of Energeticky a prumyslovy holding and the largest Czech private energy group with activities in Czech Republic, Slovakia, Germany and Poland. This is the single largest committed banking deal ever for a Czech corporate borrower in Czech history. This landmark transaction exclusively tapped the domestic loan market and changed the perception of the liquidity available thereon. The deal was by far the largest and most complex cross-border transaction ever arranged by a Czech bank on the Czech market. The mandate included a complex multi-jurisdictional security package, including documents governed by Czech, German, Dutch, Cypriot and Slovak law, and securing both the claims of the lenders under the bank financing and in relation to the bonds. White & Case represented New World Resources Plc (NWR NV’s listed parent, NWR Plc), a Central European hard coal producer, on its 19 for 1 rights issue and placement of ordinary shares, creating an approximate €150 million fund. This deal was part of the wider restructuring of the New World Resources Group. NWR NV is the parent company of OKD, the largest coal mining company in the Czech Republic, as well as certain other companies. The restructuring entailed the cancellation of NWR NV’s existing €500 million senior secured notes due in 2018 and its €275 million senior notes due in 2021 in exchange for €300 million in senior secured PIK toggle notes, €150 million in convertible PIK toggle notes, and €35 million in contingent value rights (each of which were admitted for listing on the Luxembourg Stock Exchange). This was alongside the right to provide commitments under a new €35 million super senior facility, and the rights issue and private placement of NWR Plc’s shares. White & Case represented Pointpark Properties (owned by global private equity giant, TPG Capital), one of the leading international developers and asset managers of modern logistics parks in Europe, in the on-going acquisition of the entire portfolio of logistics parks from VGP, a developer of industrial parks. The transaction represents one of the largest acquisitions of its kind in the Czech Re-