NET4GAS Secures CZK 4 Billion Financing from Czech Banks
Deal News | Apr 17, 2025 | CEE Legal Matters
CMS has successfully advised a consortium of Czech banks, including Komercni Banka, Ceska Sporitelna, UniCredit Bank Czech Republic and Slovakia, and Vseobecna Uverova Banka, on a new term loan facility of CZK 4 billion (approximately EUR 159 million) for NET4GAS. The financing aims to refinance existing debts and strengthen the capital structure of NET4GAS, the exclusive operator of the gas transmission system in the Czech Republic. The significant financing will assist NET4GAS in maintaining and enhancing its extensive infrastructure, which includes over 4,000 kilometers of pipelines and numerous gas transfer stations. Legal advice for the borrower was reportedly provided by Dentons, while CMS's legal team was led by Partner Petra Mysakova, supported by Associates David Bujgl and Matej Eberle.
Sectors
- Energy & Utilities
- Financial Services
- Legal Services
Geography
- Czech Republic – The focus of the transaction is on Czech-based companies and the consortium of Czech banks involved.
- Europe – Considering the broader European financial context with the mention of EUR for financial conversion.
Industry
- Energy & Utilities – Relevant due to NET4GAS's role as a gas transmission system operator.
- Financial Services – The involvement of Czech banks in providing new club financing highlights the banking sector's role.
- Legal Services – CMS and Dentons are legal advisory firms providing counsel in the transaction.
Financials
- CZK 4 billion (approximately EUR 159 million) – The total amount of the term loan facility provided to NET4GAS.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NET4GAS | Borrower | Company | The exclusive gas transmission system operator in the Czech Republic. |
| Komercni Banka, Ceska Sporitelna, UniCredit Bank Czech Republic and Slovakia, Vseobecna Uverova Banka | Lenders | Companies | Consortium of Czech banks providing the new term loan facility. |
| CMS | Legal Advisor | Company | Provided legal advice to the consortium of banks. |
| Dentons | Legal Advisor | Company | Reportedly advised the borrower, NET4GAS. |