CSG €3.06bn restated syndicated facility (2026)
Refinance the senior facilities after the January 2026 IPO and rating upgrade, extend maturities and add working-capital flexibility
Key terms
- Borrower or issuer
- Czechoslovak Group
- Date
- 23 Jul 2026
- Type
- Bank facility
- Amount
- €3.06bn (US$3.6bn)
- Pricing
- 125-150bp below the previous syndicated facilities
- Maturity
- 2029-11-22 (TLB) / six years (TLC) / three years (RCF, extendable)
Recorded terms
- Structure
- Single syndicated facility: €717m Term Loan B due 22 November 2029, €850m Term Loan C due six years from closing, and a two-tranche revolving credit facility (up to €1.3bn and US$225m) due in three years; set to move from high-yield style secured terms to unsecured investment-grade style terms
- Lenders and arrangers
- BNP Paribas, Société Générale and UniCredit (global coordinators)
- Country
- Czech Republic
Parties
- Czechoslovak Group borrower or issuer
- Lenders: BNP Paribas, Societe Generale, UniCredit
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Jul 2026 | EIB €50m intermediated loan to CrediaBank for security and defence | Bank facility | €50m |
| 28 Jul 2026 | RENK €1.05bn unsecured syndicated financing (2026) | Bank facility | €1.05bn |
| 24 Aug 2026 | Lockheed Martin US$2.25bn 364-day revolving credit facility (2026) | Bank facility | US$2.25bn |
| 11 Jun 2026 | HEICO US$2.2bn revolving credit facility (2026) | Bank facility | US$2.2bn |
| 29 May 2026 | V2X US$869m first lien term loan repricing (2026) | Bank facility | US$868.5m |
More from Czechoslovak Group
| Date | Financing | Type | Amount |
|---|---|---|---|
| 26 Jun 2025 | CSG US$1bn senior secured notes due 2031 | Bond | US$1bn |
| 26 Jun 2025 | CSG €1bn senior secured notes due 2031 | Bond | €1bn |
| 10 Jun 2025 | CSG CZK 10bn 5.75% secured bonds due 2030 | Bond | CZK 10bn |
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$2.23bn |
Sources
- CSG press release: CSG new debt structure reduces cost of debt and extends maturity csg.com · 23 Jul 2026
About this record
Record DEF-2026-0049, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ 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
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
