EP Energy signed EUR 1.0 billion banking financing

19.10.2012

EP Energy signed EUR 1.0 billion banking financing, the largest deal ever for a Czech corporate borrower  

  

The Transaction

 

EP Energy, a.s. (“EPE” or the “Company”) successfully signed a EUR 1.0 billion, 6-year senior facility agreement with the consortium of banks (the “Facility Agreement”). The facilities comprise of three tranches: two long term loans – a EUR 502 million amortising term loan facility and approximately CZK 10.5 billion term loan facility, and, a EUR 75 million revolving credit facility or its equivalent in CZK (the “Facilities”). The purpose of the Facilities is to provide for consolidated financing of a group of companies controlled by EPE.

 

With this transaction EPE has signed the largest committed banking deal ever for a Czech corporate borrower.  This landmark transaction exclusively tapped the domestic loan market and changed the perception of the liquidity available thereon.

 

 

The Banks

 The financing was solely coordinated by UniCredit and arranged by five Mandated Lead Arrangers and Bookrunners, being Česká spořitelna, ČSOB, ING, Komerční banka and UniCredit.

 The Transaction was supported by Citibank, Commerzbank, HSBC, Raiffeisenbank, RBS and Volksbank.

 UniCredit acted as both Facility and Security Agent.

 

 

The Legal Advisors

 White & Case acted as legal advisor to the Lenders.