News & Awards
24th July 2026

Clifford Chance Prague Association advises CSG on the refinancing and restatement of its senior facilities agreement

Clifford Chance Prague Association has advised CSG (CZECHOSLOVAK GROUP) on the amendment and restatement of its senior facilities agreements, merging two syndicated senior facilities into one and significantly improving documentation and covenant package.

The transaction is notable for its cross-border scope, its interaction with CSG’s position as a Euronext Amsterdam-listed defence company with newly obtained investment grade status and existing CZK, USD and EUR bond issuances.

Our role included advising on the amendment and restatement structure, including release of several guarantors and various security documents, analysing the interplay between bank debt and capital markets instruments, and supporting the preparation and negotiation of the amended finance documentation across multiple jurisdictions.

CSG is a global industrial and technology group based in the heart of Europe, building on the heritage of Czechoslovak industry. The main pillars of CSG's business are the defence and security industry, automotive and aerospace industry. CSG operates key manufacturing facilities in Europe – in the Czech Republic, Slovakia, Austria, Poland, Hungary, Spain, Italy, the United Kingdom, Germany, Serbia and Greece – as well as in the United States and India.

The legal team advising CSG was led by counsel Dominik Vojta, under the supervision of managing partner Miloš Felgr. The team further included of counsel Vladimír Rýlich, senior associate Simona Rapavá, associate Ondřej Šteco and junior lawyers Barbora Fiřtíková and Dávid Herich.

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