Dentons advises Draslovka on inaugural US$325 million Nordic bond issuance

Prague-Global law firm Dentons has advised Czech-based global chemicals producer Draslovka on the successful US$325 million issuance of 11% senior secured notes due 2030 in the Nordic debt markets.
The transaction marks Draslovka's debut in the international capital markets and makes the company the first Czech issuer to access the Nordic bond market. The bond issuance was executed exclusively with Pareto Securities and is intended primarily to refinance existing financing commitments, including the Term Loan B facility originally arranged in connection with Draslovka's 2021 acquisition of Chemours Mining Solutions from The Chemours Company.

Dentons also advised Draslovka on the original US$520 million acquisition financing in 2021, supporting the company through another significant milestone in its international growth and financing strategy.

The Nordic bond issuance forms part of Draslovka's broader strategy to optimize its capital structure, reduce financing costs and support long-term value creation through a more streamlined and predictable balance sheet.

Partner Ondřej Bartoň commented: "We are delighted to have supported Draslovka on this landmark financing transaction and its successful debut in the Nordic bond market. This refinancing represents another important step in the company's continued international growth story and demonstrates strong investor confidence in Draslovka's business and strategic direction."

Partner Ondřej Bartoň led Dentons' cross-border legal team which advised Draslovka on the bond issuance and refinancing. He was, supported by David Šimek, Petr Zákoucký, Tomáš Kafka (all partners), Miroslav Sýkora, Kryštof Vrtek (both associates) and Lukáš Poulík (counsel) in Prague; partners Namik Ramić, Jean Luc Fisch, Charel Heim and counsel David Paiva from Luxembourg; partner Nora Wouters and Domien Kriger from Brussels; partner John Mollard and senior finance counsel Jason Morris from Melbourne; Partner Amanda Valdez and associates Gustavo Mendoza Andreu, Erick Nuño, from Mexico city; partner Richard Stempler and counsel Andrew J. Bates from New York.

The Lead counsel on this matter was Norwegian law firm Schjodt.

Draslovka is a global chemicals company focused on creating value and improving sustainability across industries including mining, agriculture and manufacturing. The company is among the world's leading producers of sodium cyanide and is also advancing innovative technologies such as Glycine Leaching Technology for more sustainable metal extraction.

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