CMS has advised a consortium of Czech banks, consisting of Komerční banka, a.s. (acting also as coordinator and agent), Česká spořitelna, a.s., UniCredit Bank Czech Republic and Slovakia, a.s. and Všeobecná úverová banka a.s., pobočka Praha on a new term loan facility for NET4GAS, s.r.o. in the total amount of CZK 4 billion (approx. EUR 159 million).
NET4GAS is the exclusive gas transmission system operator in the Czech Republic. It operates more than 4,000 km of pipelines with three border transfer stations, five compressor stations and a hundred transfer stations at the interface with domestic gas distribution. As a Central European gas transmission system operator, NET4GAS plays an active role in connecting and integrating European energy markets to the benefit of Czech and other European customers.
The financing will settle certain existing debts of NET4GAS and strengthen its capital structure.
The CMS team was led by Petra Myšáková, and included David Bujgl and Matěj Eberle (Banking & Finance).
