On the 13th January 2009 ČEZ Group (“ČEZ” or the “Company”), has successfully rolled over the EUR 600,000,000 club term loan facility originally signed in January 2008 (the “Facility”) through an amendment and restatement of the original facility. Československá obchodní banka, a.s. (“ČSOB”), ING Bank N.V. (“ING”) and Intesa Sanpaolo S.p.A (“Intesa Sanpaolo“) acted as Mandated Lead Arrangers and ČSOB, ING, Intesa Sanpaolo and Všeobecná úverová banka a.s. as lenders. ING also acted as Documentation Agent and is Facility Agent.
The maturity date of the original one-year facility was extended for 364 days until 12 January 2010.
The successful completion of the Facility highlights the strong credit standing of the Company and the continued support ČEZ enjoys from its relationship banks under the current market circumstances.
The original transaction ranks among Top 5 largest financial deals in the history of the Czech Republic and the completed Facility represents the first club-type loan transaction signed for a CEE borrower in 2009 year-to-date.