CMS advises club of Czech banks led by Raiffeisenbank on super senior financing for Draslovka group
CMS has advised a club of Czech banks led by Raiffeisenbank, a.s. and including Komerční banka, a.s. on a super senior revolving credit facility provided to the Draslovka group, a global chemical manufacturing group.
The financing is intended to diversify the group’s debt structure and is integrated into the group’s existing multi-layered indebtedness, including, in particular, its USD 325m senior secured Nordic bonds. The facility enhances the group’s liquidity and financial flexibility.
CMS acted as Czech counsel to the lenders, advising on the structuring, drafting and negotiation of the financing documentation, including the incorporation of the facility into the group’s existing debt structure. The facility was structured as super senior debt, ranking ahead of the group’s existing bond indebtedness, and benefits from a comprehensive security and guarantees package, shared among a variety of creditors under applicable intercreditor arrangements.
Draslovka is a Czech based global chemical group with more than a century of expertise in cyanide chemistry. As one of the world’s largest producers of sodium cyanide, supplying customers in over 80 countries, the company reported approximately USD 450m in revenue and nearly USD 78m in EBITDA in 2025, alongside record sales volumes. Building on this momentum, Draslovka is advancing sustainable, technology-enabled mining solutions, including its proprietary Glycine Leaching Technology and AI-driven process optimisation. In 2026, the company further bolstered its long-term expansion strategy by becoming the first Czech issuer in the Nordic bond market. Draslovka also holds credit ratings assigned by both Moody’s and S&P.
The CMS team was led by David Bujgl and supervised by Ana Radnev and Petra Myšáková. The team further included Adam Fanta and Vivian Walry, Charlotte Demeuldre and Yaren Girgin (Banking & Finance).
