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CMS Advises Consortium of Czech Banks on New Club Financing for NET4GAS

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CMS has 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 for NET4GAS. Dentons reportedly advised the borrower.

According to CMS, the financing, totaling CZK 4 billion (approximately EUR 159 million), will be used to settle certain existing debts and strengthen NET4GAS’s capital structure.

NET4GAS is the exclusive gas transmission system operator in the Czech Republic, operating over 4,000 kilometers of pipelines, three border transfer stations, five compressor stations, and approximately 100 transfer stations that interface with domestic gas distribution networks. 

The CMS team included Partner Petra Mysakova and Associates David Bujgl and Matej Eberle.

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