Finance a.s. $34.5 Million Notes Offering

White & Case LLP has acted as transaction counsel on the issue by Finance a.s. of CZK 777 million 6.6% guaranteed and secured notes due 2023, with the option to increase to CZK 1.166 billion.

The issuer is a member of the group, which operates a leading online supermarket in the Czech Republic serving more than a quarter of a million customers in Prague, Brno and other regional capitals through its subsidiary VELKÁ PECKA s.r.o.

To allow the issuer quick access to the market, the transaction involved an initial private placement in January 2019, followed by a subsequent publication of a prospectus for the purposes of listing of the notes on the regulated market of the Prague Stock Exchange, which was successfully completed in April 2019. J&T IB and Capital Markets, a.s. acted as arranger. J & T BANKA, a.s. acted as manager, agent and security agent.

The White & Case team in Prague that advised on the transaction was led by local partner Petr Hudec (Picture), with support from associates Petr Šmerkl and Erik Illmann.

Involved fees earner: Petr Hudec – White & Case; Erik Illmann – White & Case; Petr Smerkl – White & Case;

Law Firms: White & Case;

Clients: J&T Banka, a.s.; J&T IB and Capital Markets a.s.; Velká Pecka s.r.o.;