CSG €1bn senior secured notes due 2031
Refinance existing debt, including the US$775m senior secured floating rate notes, and support growth
Key terms
- Borrower or issuer
- Czechoslovak Group
- Date
- 26 Jun 2025
- Type
- Bond
- Amount
- €1bn (US$1.1bn)
- Pricing
- 5.25% yield
- Maturity
- 2031
- Rating at issue
- BB+ (index)
Recorded terms
- Structure
- Euro tranche of a dual-tranche senior secured notes offering, upsized from a minimum of €350m on more than 4x demand
- Country
- Czech Republic
Rating at issue
Rated BB+ at issue on the index basis (middle of three agencies, lower of two), from the issuer's own release.
The issuance has been supported by obtained ratings from Moody’s (Ba1), S&P: (BB+) and Fitch: (BBB-)
Ratings change over time; check the agencies for the current rating.
Parties
- Czechoslovak Group borrower or issuer
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 24 Jul 2025 | Lockheed Martin US$2,000m senior notes (3 tranches) | Bond | US$2bn |
| 28 May 2025 | Northrop Grumman US$1,000m senior notes (2 tranches) | Bond | US$1bn |
| 21 May 2025 | CACI International US$1,000m 6.375% senior notes | Bond | US$1bn |
| 13 May 2025 | TransDigm US$2.65bn 6.375% senior subordinated notes due 2033 | Bond | US$2.65bn |
| 30 Apr 2025 | General Dynamics US$750m 4.950% notes due 2035 | Bond | US$750m |
More from Czechoslovak Group
| Date | Financing | Type | Amount |
|---|---|---|---|
| 26 Jun 2025 | CSG US$1bn senior secured notes due 2031 | Bond | US$1bn |
M&A and investment involving Czechoslovak Group
| Date | Deal | Type | Value |
|---|---|---|---|
| 23 Jan 2026 | Czechoslovak Group IPO on Euronext Amsterdam | IPO | €3.8bn |
| 27 Nov 2024 | Czechoslovak Group acquisition of The Kinetic Group | M&A | US$2.23bn |
Sources
- CSG: successfully prices $1 billion and €1 billion senior secured notes csg.com · 26 Jun 2025
About this record
Record DEF-2025-0027, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
Senior notes are unsecured promises to pay, priced off government bonds; the prospectus sets the covenants, the change-of-control put and the redemption terms.
