Bratislava—Dentons advised a club of senior lenders, led by Tatra banka as global coordinator, on a comprehensive financing to Tatry mountain resorts, a.s., consisting of a €180 million senior facility provided by a club of leading Slovak, Czech and Polish banks and a €110 million junior facility provided by J&T BANKA. The financing will be used to complete the recapitalization of TMR while also providing financing for sustainable growth.

Tatra banka acted as global coordinator and mandated lead arranger, UniCredit Bank Czech Republic and Slovakia and Slovenská sporiteľňa acted as mandated lead arrangers, PKO Bank Polski and Československá obchodná banka joined as arrangers and Česká spořitelna and Raiffeisenbank ČR participated as senior lenders. J&T Banka participated as junior lender.

Tatry mountain resorts, a leading player in the tourism sector in Central and Eastern Europe, owns or leases and operates mountain resorts, amusement parks, golf resorts, restaurants, sports services, shops, and hotels.

Partner Patricia Gossányiová, Head of the Banking and Finance practice in Slovakia, led Dentons’ legal multi-jurisdictional team, which consisted of Counsel Miroslav Kapinaj, senior associates Katarína Slezákováand Richard Marcinčin, associates Bianca Böhmová and Dávid Stanek and junior associate Nikola Salvová in Slovakia; partner Ondřej Bartoň and junior associate Vanda Zaklaiová in the Czech Republic; partner Bartosz Nojek, senior associate Mateusz Ciechomski and associate Karol Scibor in Poland. Law firm E+H Rechtsanwälte GmbH advised on Austrian law, with team led by partner Marcus Benes and assisted by partner Laurencz Liedermann and associate Dilara Mamuk.

Patricia Gossányiová commented: “We are grateful to Tatra banka for their continuing trust and for this unique opportunity to represent the senior lenders in this first-of-its-kind transaction in Slovakia – a unique combination between a senior secured financing and a junior secured financing, roughly inspired by the LMA's intercreditor agreement but adapted to Slovak legal environment, as TMR’s home jurisdiction. Kudos to TMR and their advisers!”

Peter Kubina, Slovakia Managing Partner commented: “Our stellar team executed and successfully signed a financing transaction that was very unique in its structure and the first of its kind in Slovakia. Together with our experience and know-how, our competitive advantage of a large Banking and Finance team was also an important factor, which proved to be decisive for our clients.”

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