Allen & Overy advises JP Morgan on EUR 300 million high yield bond offering for Sazka Group
22 March 2020
The EUR 300mn 3.875% Senior Notes due 2027 were issued on 4 February 2020. They are guaranteed on senior basis by the issuer’s subsidiary SAZKA Czech. The proceeds from the issuance will be used primarily for repayment and cancellation of certain debts of the issuer and its subsidiaries.
SAZKA Group is the market leader for both numerical lotteries and instant lotteries and is one of the fastest-growing European lottery companies. It operates in Austria, Cyprus, the Czech Republic, Greece and Italy.
The Allen & Overy team working on the transaction was led by London-based partner Jeanette Cruz, working with associates Khalid Alyafi, Luke Sperduto and Katrien Wilmots. The Czech aspects of the transaction were led by Prague-based counsel Petr Vybíral, working with associate Tomáš Kirner.
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