Law office provides guidance to Emma Capital for groundbreaking dual-issue offering of CZK 2.5 billion in Czech Republic credit notes and €50 million in senior-secured notes in Eurozone
In a groundbreaking move for the Czech financial market, Emma Capital, a private investment holding company, has launched a unique note programme worth CZK 7.5 billion. This programme, governed by Czech law, marks a significant milestone as it is the first dual-issuer note programme of this scale and currency in the country.
The dual-issuer structure, a pioneering approach, involves Emma Finance CZK a.s. and Emma Finance SK a.s. issuing CZK 2.5 billion and €50 million notes, respectively. This setup enhances credit risk diversification and potentially broadens investor appeal.
The notes benefit from a shared guarantee by Emma Alpha Holding Ltd and shared security over certain shares in Premier Energy Plc and Emma Gamma Ltd. This structure provides a robust foundation for the programme's success.
The transaction required coordination across more than four jurisdictions, and global law firm White & Case LLP played a pivotal role in advising Emma Capital on this landmark deal. The service areas involved include Capital Markets, Private Capital, Asset Finance, Debt Finance, Energy, Sustainability & Responsible Business, and Financial Institutions.
Notably, the programme is one of the rare issuances of notes secured by shares in a publicly traded company. It is also the first dual-issuer programme to be approved by the Czech regulator. The notes are admitted to trading on the regulated market of the Prague Stock Exchange.
The contacts provided for this transaction are based in the Czech Republic and hail from the Capital Markets department of White & Case LLP. Among them are David Mikyska and Petr Smerkl, who work in various service areas within the firm.
For further details about the technical features or structuring details of this programme, specialized financial disclosures or Emma Capital’s official communications would be the best sources.
J&T IB and Capital Markets, a.s. acted as arranger, and J&T BANKA, a.s. as manager for this innovative deal. The local media contact for information is Petr Hudec, who is based in the Capital Markets, Debt Finance, Financial Institutions, Energy, Sustainability & Responsible Business, and Private Capital service areas.
This first-of-its-kind financial instrument offers innovation in issuance structure and regulatory alignment, positioning Emma Capital at the forefront of the Czech financial market. The programme underscores Emma Capital's commitment to long-term value creation and its strategic approach to capital markets.
- Emma Capital's unique CZK 7.5 billion note programme, a significant milestone in the Czech financial market, is governed by Czech law.
- The dual-issuer structure of the programme, consisting of Emma Finance CZK a.s. and Emma Finance SK a.s., involves issuing CZK 2.5 billion and €50 million notes respectively.
- Global law firm White & Case LLP advised Emma Capital on this landmark deal, providing services in Capital Markets, Private Capital, Asset Finance, Debt Finance, Energy, Sustainability & Responsible Business, and Financial Institutions.
- The innovative deal, one of the rare issuances of notes secured by shares in a publicly traded company, is the first dual-issuer programme to be approved by the Czech regulator.
- J&T IB and Capital Markets, a.s. acted as arranger, and J&T BANKA, a.s. as manager for this groundbreaking deal.
- Specialized financial disclosures or Emma Capital’s official communications would provide the best sources for further details about the technical features or structuring details of this programme.
- The local media contact for information about this first-of-its-kind financial instrument is Petr Hudec, based in the Capital Markets, Debt Finance, Financial Institutions, Energy, Sustainability & Responsible Business, and Private Capital service areas.
