Bank of China contributes to EUR 1 billion syndicated loan with Energetický a Průmyslový Holding for debt refinancing purposes in 2021 (Linked to Record ID#109722)

Project narrative

On 16 March 2021, financial close was reached on a deal in which a syndicate of banks — including Bank of China — entered into a €1 billion EUR syndicated loan agreement with Energetický a průmyslový holding, a.s. (“EPH”) — a Czech-based energy and infrastructure conglomerate operating across Europe in power generation, gas transmission, and distribution. The facilities included both a term loan and a revolving credit facility, with a maturity of three years. The interest rate was EURIBOR plus an applicable margin. The proceeds were used by the borrower to refinance certain other financial indebtedness of the EPH group and for general corporate purposes. Bank of China (CEE) Ltd. contributed to this loan (Record ID#109721), the following lenders also participated: COMMERZBANK (Prague branch), Credit Suisse AG, ING Bank N.V. (Prague branch), Komerční banka, SMBC Bank EU AG, UniCredit Bank Czech Republic and Slovakia, and Citibank Europe plc. In June 2023, financial close was reached on a deal in which a syndicate of 8 banks — including Bank of China — entered into a €3.845 billion EUR syndicated loan agreement with Energetický a průmyslový holding, a.s. (“EPH”) — a Czech-based energy and infrastructure conglomerate operating across Europe in power generation, gas transmission, and distribution. The financing package consisted of three- and five-year term loans, as well as two-, three-, and five-year revolving credit facilities. The interest rate was EURIBOR plus an applicable margin. The proceeds were used by the borrower to refinance the 2021 facility. While Bank of China contributed to this loan (Record ID#109722), the following lenders also participated: ING and SMBC (as coordinators and bookrunners), Erste Group (mandated lead arranger), and Credit Suisse, HSBC, Raiffeisen Bank, and VUB (as participants).