CEE Banking & Finance

2018

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“Outstanding practice, with a strong track record for acting on an impressive array of mandates, including syndicated finance, acquisition finance, project finance and debt capital markets. Regional leader in the CEE market, with prominent finance and capital markets teams in Poland, the Czech Republic, Hungary, Romania and Slovakia. Houses strong English law expertise in multiple CEE offices. Boasts relationships with a raft of blue-chip financial institutions in the region and across international financial centres. Industry focuses include real estate, energy and pharmaceuticals.”

Chambers Global 2018

Our Banking and Finance practice

With over 921 lawyers worldwide including 53 lawyers in CEE, we have one of the largest and most international teams of banking lawyers of any law firm both globally and in the region.

With such a deep team and global reach, international, Renowned for their combination of intellectual rigour and regional and industry-leading ‘first-of-a-kind’ transactions commercial focus, our banking lawyers draw on in-depth are our hallmark. We have been instrumental in nearly all product expertise and regularly work alongside our major developments in the modern financial markets. regulatory, litigation, restructuring and other specialists, We are known globally as well as in CEE for which is particularly important in the light of recent ground-breaking deal structures that can eventually lead to market conditions, to develop innovative solutions for new market standards. our clients, often incorporating complex market-leading financing techniques. The past few years have been the most challenging in the This is why over 800 corporate and financial institution history of the international financial markets and have participants in the financial markets entrust us with the required fresh thinking as the markets adjust to continually full range of their domestic and cross-border transactions. changing economic, political and regulatory conditions.

Tier 1 Banking & Finance Practice in CEE Chambers Global 2018

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A market-leading practice

Ranked #1 in EMEA for deal First covered First regional volume for the seventh bonds programme LNG project successive year (Thomson Reuters’ and Bloomberg’s syndicated loans league tables)

Ranked #1 Tier 1 Banking for EMEA & Finance Practice Tier 1 Law Firm syndicated lending in CEE in CEE in 2017 (Chambers Europe 2018 – (Legal 500 EMEA) (Thomson Reuters’ and Central & Eastern Europe) Bloomberg's league tables)

European Waste Deal of the Year

OUR BANKING PRACTICE IS MADE UP OF EIGHT PRINCIPAL PRODUCT LINES. THESE ARE:

Corporate Asset Finance Lending

Financial Services Regulatory Leveraged Finance

Projects, Energy Real Estate Finance and Infrastructure

Restructuring Trade, Commodities and Export Finance

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Experience highlights

SLOVAKIA Local group of banks Czech Export Bank led by Tatra banka, a.s. on the refinancing of on the pre-export financing provided to BNP Paribas Fortis SA/NV, Česká Aupark Košice commercial properties. AERO VODOCHODY AEROSPACE, Spořitelna, a.s., Crédit Agricole CIB, the largest aerospace company in the Erste Group Bank AG, HSBC Bank plc, Project Stout Czech Republic, for development and Komerční Banka, a.s., Societe Generale, acting for Société Générale on a financing for production of a new-generation training UniCredit Bank Czech Republic and a bidder for the CEE assets of SAB Miller. aircraft, the Aero L-39NG. Slovakia, A.S. and UniCredit S . P. A. on the up to EUR3,025,000,000 leveraged BRD – Groupe Société Générale acquisition financing of the PPF Group's POLAND and Komerční banka acquisition of the CEE/SEE business on the financing provided to CTPark Gamma or Telenor. Bank Zachodni WBK as the agent, S.R.L., for the development of two industrial and, Bank Gospodarstwa Krajowego, buildings in the proximity of Bucharest, Romania. ING Bank HSBC Polska, HSBC plc, Credit Agricole, on the informal and formal restructuring of EBRD, Société Générale Polska and IFC Doprastav, a leading construction company. Société Générale Frankfurt Branch on financing for the 42MW Alibunar wind This was one of the biggest restructuring as the lenders farm project in Serbia. projects in Slovakia in 2015. on a PLN1.42 billion credit facility for TELEFONIKA Kable to finance the acquisition Cromwell Property Group of JDR Cable Systems (Holdings) Limited. GemCorp Capital owner of Galerie Butovice s.r.o., as borrower as part of a group of private debt funds in in connection with refinancing of its existing structuring, negotiating and documenting a Polski Fundusz Rozwoju, indebtedness and major extension of the complex financing for an energy group active Bank Gospodarstwa Krajowego existing shopping centre located in Prague 5, in South Eastern Europe. The financing forms and the European Investment Bank Czech Republic. the basis for an upcoming secured note issuance. on financing for the construction of a 3.7 kilometre stretch of the Łagiewnicka A&D Pharma Group Route, known as the Third Kraków Bypass. on the re-financing of their existing bank credit facilities valued at up to approximately Energa EUR127m, the financing being provided by a on issue of EUR500m subordinated notes club of banks consisting of UniCredit Tiriac subscribed for by the European Investment Bank and BRD – Groupe Société Générale. Bank. The notes were issued as part of the European Fund for Strategic Investment Komerční banka as a lead arranger of a Programme and the funding will be used to group of banks on the EUR250m general modernise and extend Energa’s electricity corporate purpose financing ofNafta . distribution network infrastructure throughout Poland. UniCredit Bank Austria AG on financing for W.P. Carey on their sale & leaseback Goldman Sachs with FM Logistics in three CEE jurisdictions. on financing Pradera’s acquisition of Ikea shopping centres portfolio in Poland, Germany and France. Infracapital the infrastructure investment arm of M&G Investments and one of the largest European infrastructure investment funds, on the financing of the acquisition of the Slovak CZECH REPUBLIC utility group GGE, a producer and supplier of Fortuna Entertainment Group heat, electricity and gas. This was one of the on the financing for an acquisition of a 100% largest transactions of its kind in Central and shares in Hattrick Sports Group, an Irish Eastern Europe in 2015. holding company for sports betting and gaming operators in Croatia and Romania.

UniCredit Bank Austria AG A consortium led by Magyar Takarékbank Raiffeisen Bank International AG UniCredit S.p.A. (Italy) and UniCredit Bank in extending a forint credit facility to and Raiffeisen Bank SA (Romania) Czech Republic and Slovakia on the Kárrendezési Alap (the Indemnification Fund) on a financing of up to EUR49.4m granted EUR220m financing of the minority to provide external financing for the repayment to a Romanian subsidiary of CTP Group participation of Italian Gaming Holding, of a bridge loan provided by the National Bank for the development of a logistic park near a Czech SPV controlled by KKCG AG of Hungary. The Indemnification Fund is a Bucharest, Romania. through SAZKA GROUP and Emma Capital, statutory organisation established by the in LOTTO ITALIA, an Italian based vehicle Hungarian state for the proposes of Canada Pension Plan Investment Board that won the bid for the renewal of the indemnifying Hungarian retail investors and funds managed by Cairn Capital on the Italian Lotto concession. of a closed group of insolvent Hungarian EUR180m secured bond financing agreement investment firms. of Globalworth Real Estate Investments Ltd. CGN Holdings and CGN Holdings 2 investment vehicles owned by part of a A syndicate of banks consortium of funds led by Macquarie with regard to the Hungarian aspects of the SEE Infrastructure and Real Assets, on a CZK9.1bn complex global restructuring of the financing refinancing. CGN Holdings and CGN structure of Seadrill group, one of the biggest UniCredit and Banca IMI Holdings 2 together own a 49.96% share of operators of sea drilling vessels and rigs. on the financing of a solar plant located RWE Grid Holding, the operator of the largest at Slobozia, Giurgiu, Romania sponsored natural gas distribution network in the Czech by Samsung. Republic, covering more than 80% of the ROMANIA Czech gas distribution market. IFC, OPIC and UniCredit Bank Austria A syndicate of banks on a project financing for the 60.4 Mega Watt p Financing banks led by Raiffeisen Bank International AG in “Karadzhalavo” photovoltaic solar project on the EUR590m refinancing of part of P3 the context of the extension and certain in Bulgaria, sponsored by SunEdison Logistic Parks, a leading owner, developer amendments put in place in relation to and manager of specialist pan-European Alro financing arrangements of USD167m. Syndicate of banks logistics properties. made up of EBRD and Erste Group Bank, EBRD Banca Comerciala Romana and Eksport Kredit Commerzbank AG on a USD60m secured financing to SNTGN Fonden on the EUR125m project financing on financing provided to Avia for the Transgaz SA Medias, the national gas extended to Crucea Wind Farm, the Romanian acquisition of Avia Ashok Leyland Motors, transmission grid operator, to finance the subsidiary of STEAG, a leading German which became part of industry holding construction of Phase 1 of the Bulgaria- power producer, to finance the construction CZECHOSLOVAK GROUP. Romania-Hungary-Austria pipeline/ and operation of the 108MW Crucea North corridor (BRUA project). wind farm located in Dobrogea, Romania.

HUNGARY BRD – Groupe Société Générale S.A. and EBRD and KfW IPEX-Bank Komerční banka, a.s. on the financing of the construction and AEGON Group on a EUR47.6m financing for CTPark Gamma development of the 72MW Krnovo wind farm with respect to the refinancing of its S.R.L., part of CTP Group, one of the most in Montenegro sponsored by Akuo Energy. Hungarian mortgage lender subsidiary’s active investors in industrial and logistics intra-group debt relating to the management spaces in Romania. of its entire retail mortgage loan portfolio. The purpose of this unique transaction was A&D Pharma Group to substitute various intra-group loan on the EUR57m extension of their existing arrangements with external financing bank credit facilities, the financing being while ensuring the on-going operation provided by a club of banks comprised of of the company. UniCredit Tiriac Bank S.A. and BRD – Groupe Société Générale S.A. and related security package.

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Your dedicated team

CEE Practice (English law)

Dan Cocker Attila K Csongrady Miklos Kadar Peter Redo Partner Counsel Senior Associate Senior Associate Tel +48 22 820 6155 Tel +421 2 5920 2415 Tel +48 22 820 6141 Tel +421 2 5920 2420 [email protected] [email protected] [email protected] [email protected]

Bratislava

Jan Skuhravý Jana Maršálková Renátus Kollár Matúš Kudlák Senior Associate Associate Partner Senior Associate Tel +44 20 3088 7478 Tel +420 222 107 142 Tel +421 2 5920 2423 Tel +421 2 5920 2447 [email protected] [email protected] [email protected] [email protected]

Bucharest

Victor Padurari Alexandru Retevoescu Partner Partner Tel +40 31 405 7783 Tel +40 31 405 7784 [email protected] [email protected]

Budapest Prague

Karoly Foti Petr Vybíral Petra Myšáková Counsel Senior Associate Senior Associate Tel +36 1 429 6006 Tel +420 222 107 173 Tel +420 222 107 145 [email protected] [email protected] [email protected]

Warsaw

Arkadiusz Pędzich Tomasz Kawczyński Piotr Lesiński Managing Partner – CEE Partner Partner Tel +48 22 820 6157 Tel +48 22 820 6137 Tel +48 22 820 6163 [email protected] [email protected] [email protected]

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Our unique footprint in Europe

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EUROPEAN OFFICES  Amsterdam  Antwerp 3 Barcelona 4 Belfast 5 Bratislava 6 Brussels 7 Bucharest* 8 Budapest  9 Düsseldorf  Frankfurt  Hamburg  Istanbul  London  Luxembourg  Madrid  Milan  Moscow  Munich  Paris  Prague 21 Rome 22 Warsaw

* Associated office 

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Bratislava Bucharest Budapest

Allen & Overy Bratislava, s.r.o. Radu Tărăcilă Pădurari Retevoescu SCA Lengyel Allen & Overy Ügyvédi Iroda Eurovea Central 1 Charles de Gaulle Plaza, 5th floor Madách Trade Center Pribinova 4 15 Charles de Gaulle Square Madách Imre út 13-14 Bratislava 011857 Bucharest 1 Budapest 81109, Slovakia Romania H-1075, Hungary Tel +421 2 5920 2400 Tel +40 31 405 7777 Tel +36 1 483 2200

Prague Warsaw

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