STZ advises Eurohold Bulgaria on financing for EUR 0.5 billion acquisition of CEZ assets in Bulgaria

28 July 2021

Stoeva Tchompalov & Znepolski acted as legal counsel to the leading Bulgarian listed holding company Eurohold in relation to the financing for the acquisition of the Bulgarian business of Czech energy group CEZ. The deal, including the forthcoming mandatory tender offer to the minority shareholders in two of the listed targets, was financed through a combination of EUR 360 million senior syndicated loan facility, structured by JP Morgan and subscribed by commercial and development banks, EUR 110 million mezzanine facility provided by Metric Capital Partners and EUR 80 million capital increase of Eurohold through a rights issue. The acquisition, which is one of the largest energy deals involving the CEE region closed on 27 July 2021.

 

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