Dentons advises J&T Banka on MAX Realitní Finance’s CZK 1.25 billion bond issuance

Prague-Global law firm Dentons advised J&T IB and Capital Markets as arranger and J&T Banka as manager in relation to the bond issuance by MAX Realitní Finance s.r.o. The bonds, which mature in 2030, carry a fixed interest rate of 6,5% and have an expected total nominal value of up to CZK 1.25 billion, with the option to increase this to CZK 1.875 billion. The bonds have been admitted to trading on the regulated market of the Prague Stock Exchange.

The bonds are secured by a financial guarantee from MAX Realitní Holding s.r.o. and additional collateral established in favor of the bondholders, or J&T Banka as the collateral agent.

MAX Realitní operates the Atrium Flora and Myslbek shopping galleries.

"We are pleased to have been able to provide MAX Realitní Group with comprehensive legal advice on the bond issuance. This transaction is significant both for our clients and for Dentons' Capital Markets practice in Prague," said Tomáš Kafka, partner at Dentons in Prague.

"The Myslbek Gallery and Flora Shopping Center are key assets in our portfolio and have long been among our most significant and strategic projects. We are confident of their strong potential and stable value for the future. At the same time, we greatly appreciate the professional collaboration with the Dentons team, who provided us with top-notch legal advice throughout the entire transaction," said Jiří Medřický, CFO of MAX Realitní.

"We are pleased to have been part of another successful issuance for our long-standing client, which will undoubtedly contribute to its further development in the real estate sector. We also thank Dentons for their excellent legal support throughout the entire transaction," said Marek Husarčík on behalf of J&T IB and Capital Markets.

Partner Tomáš Kafka led Dentons' legal team in collaboration with Martin Fiala (Senior Associate) and Tomáš Husička (Associate).

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