{"id":7735,"date":"2013-03-20T15:33:49","date_gmt":"2013-03-20T14:33:49","guid":{"rendered":"https:\/\/eph23.atelierzidlicky.eu\/?post_type=press&#038;p=7735"},"modified":"2016-04-21T07:48:12","modified_gmt":"2016-04-21T06:48:12","slug":"eph-closes-a-e1-5bn-loan-financing-the-acquisition-of-49-stake-in-slovensky-plynarensky-priemysel-a-s-spp","status":"publish","type":"press-releases","link":"https:\/\/eph23.atelierzidlicky.eu\/en\/press-releases\/eph-closes-a-e1-5bn-loan-financing-the-acquisition-of-49-stake-in-slovensky-plynarensky-priemysel-a-s-spp\/","title":{"rendered":"EPH closes a&nbsp;\u20ac1.5bn loan, financing the&nbsp;acquisition of&nbsp;49% stake in&nbsp;Slovensk\u00fd plyn\u00e1rensk\u00fd priemysel a.s. (SPP)"},"content":{"rendered":"<p>On 19th March 2013, Energetick\u00fd a&nbsp;pr\u016fmyslov\u00fd holding (&#8220;EPH&#8221;) successfully closed the&nbsp;syndication of&nbsp;a&nbsp;\u20ac1.5bn loan package.<\/p>\n<p>\u00a0EPH, a&nbsp;leading Czech energy &amp; industrial group, announced in&nbsp;January 2013 its&nbsp;acquisition of&nbsp;100% stake in&nbsp;Slovak Gas Holding (&#8220;SGH&#8221;) for approximately \u20ac2.6 billion. SGH holds a&nbsp;49% stake and&nbsp;management control in&nbsp;SPP. Slovak government remains the&nbsp;owner of&nbsp;the&nbsp;remaining 51% stake. The&nbsp;acquisition was part financed by a&nbsp;\u20ac1.5bn loan package, comprising a&nbsp;\u20ac200mm, 9-month senior secured bridge to dividend and&nbsp;\u20ac1.3bn 5-year senior secured term loan.SPP (A2 (Moody&#8217;s)\/A-(Fitch)) is the&nbsp;largest gas transporter in&nbsp;the&nbsp;EU. It owns and&nbsp;operates Slovakia&#8217;s&nbsp;gas transmission and&nbsp;distribution networks, including c. 1\/4 of&nbsp;Europe&#8217;s&nbsp;total piped gas import transmission capacity, supplies gas to regulated (residential) and&nbsp;unregulated (SME, industrial) customers and&nbsp;owns and&nbsp;operates gas storage facilities. It also has a&nbsp;small presence in&nbsp;the&nbsp;Czech Republic. SPP also has a&nbsp;long term track record transporting gas from the&nbsp;former Soviet Union to Western Europe since 1973.EPH is a&nbsp;joint stock company set up under the&nbsp;laws of&nbsp;the&nbsp;Czech Republic, and&nbsp;a&nbsp;long-term strategic investor in&nbsp;the&nbsp;energy sector. The&nbsp;group&#8217;s&nbsp;business lines include coal mining, electricity and&nbsp;heat production and&nbsp;their distribution and&nbsp;sale to final customers, and&nbsp;also trading in&nbsp;electricity and&nbsp;gas.<\/p>\n<p>\u00a0Citi, J.P. Morgan, Societe Generale (and&nbsp;their affiliate Komer\u010dn\u00ed Banka) , The&nbsp;Royal Bank of&nbsp;Scotland and&nbsp;UniCredit (through its&nbsp;affiliates in&nbsp;Austria, Czech Republic and&nbsp;Slovakia) acted as Underwriters, Bookrunners and&nbsp;Mandated Lead Arrangers.<\/p>\n<p>&nbsp;<\/p>\n<p>\u010ceskoslovensk\u00e1 obchodn\u00ed banka, a.s. and&nbsp;\u010ceskoslovensk\u00e1 obchodn\u00e1 banka, a.s., members of&nbsp;the&nbsp;KBC Group, Erste Group Bank AG, together with \u010cesk\u00e1 spo\u0159itelna, a.s. and&nbsp;Slovensk\u00e1 sporite\u013e\u0148a, a. s., ING Bank N.V., Tatra Banka and&nbsp;Raiffeisen Bank a.s. (members of&nbsp;the&nbsp;Raiffeisen Bank International Group) joined the&nbsp;transaction as Bookrunners and&nbsp;Mandated Lead Arrangers.<\/p>\n<p>&nbsp;<\/p>\n<p>Sberbank CZ, a.s and&nbsp;Sberbank Slovensko, a.s. (members of&nbsp;Sberbank Europe AG) supported the&nbsp;transaction as Mandated Lead Arrangers.<\/p>\n<p>&nbsp;<\/p>\n<p>VTB Bank (Deutschland) AG, HSBC Bank plc (acting through its&nbsp;branch HSBC Bank plc -pobo\u010dka Praha) and&nbsp;Siemens Bank GmbH joined as Senior Lead Arrangers and&nbsp;Oberbank AG pobo\u010dka \u010cesk\u00e1 republika as Lead Arranger.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 19th March 2013, Energetick\u00fd a&nbsp;pr\u016fmyslov\u00fd holding (&#8220;EPH&#8221;) successfully closed the&nbsp;syndication of&nbsp;a&nbsp;\u20ac1.5bn loan package. \u00a0EPH, a&nbsp;leading Czech energy &amp; industrial group, announced in&nbsp;January 2013 its&nbsp;acquisition of&nbsp;100% stake in&nbsp;Slovak Gas Holding (&#8220;SGH&#8221;) for approximately \u20ac2.6 billion. SGH holds a&nbsp;49% stake and&nbsp;management control in&nbsp;SPP. Slovak government remains the&nbsp;owner of&nbsp;the&nbsp;remaining 51% stake. The&nbsp;acquisition was part financed by a&nbsp;\u20ac1.5bn [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"tax-year":[39],"acf":[],"wpml_current_locale":"en_US","wpml_translations":[],"_links":{"self":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/press-releases\/7735"}],"collection":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/press-releases"}],"about":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/types\/press-releases"}],"wp:attachment":[{"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/media?parent=7735"}],"wp:term":[{"taxonomy":"tax-year","embeddable":true,"href":"https:\/\/eph23.atelierzidlicky.eu\/en\/wp-json\/wp\/v2\/tax-year?post=7735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}