Prague —Global law firm Dentons has advised Czech chemical company Draslovka on its successful issuance of USD 325 million of 11% senior secured bonds due 2030 on the Nordic bond market.
The transaction represents Draslovka’s first entry into international capital markets and makes it the first Czech issuer to obtain financing through the Nordic bond market. The issue was conducted exclusively in cooperation with Pareto Securities and its proceeds will be primarily used to refinance existing liabilities, including the Term Loan B arranged in connection with the acquisition of Chemours Mining Solutions from The Chemours Company in 2021.
Dentons had already advised Draslovka on securing the acquisition financing for this $520 million transaction in 2021, supporting the client on another significant milestone in its international growth and financing strategy.
The bond issue in the Nordic market is part of Draslovka’s broader strategy aimed at optimizing the capital structure, reducing financing costs and supporting long-term value creation through a more efficient and stable balance sheet.
Dentons Partner Ondřej Bartoň commented on the transaction: “We are very pleased to have supported Draslovka in this landmark financing transaction and its successful entry into the Nordic bond market. This refinancing represents another significant step in the company’s continued international growth and confirms the strong confidence of investors in Draslovka’s business and its strategic direction.”
The Dentons cross-border team that advised Draslovka on the bond issue and refinancing was led by partner Ondřej Bartoň . The transaction was also assisted by David Šimek , Petr Zákoucký and Tomáš Kafka (partners), Miroslav Sýkora and Kryštof Vrtek (junior attorneys) and Lukáš Poulík (counsel) from the Prague office; partners Namik Ramić , Jean Luc Fisch and Charel Heim and counsel David Paiva from Luxembourg; partner Nora Wouters and Domien Kriger from the Brussels office; partner John Mollard and senior finance counsel Jason Morris from Melbourne; partner Amanda Valdez and attorneys Gustavo Mendoza Andreu , Erick Nuño and Benito Rojas from Mexico City; and partner Richard Stempler and counsel Andrew J. Bates from New York.
The lead legal advisor to the transaction was the Norwegian law firm Schjødt .
Draslovka is a global chemical company focused on creating value and supporting sustainability in sectors such as mining, agriculture and manufacturing. It is one of the world’s leading producers of sodium cyanide while developing innovative technologies such as Glycine Leaching Technology that enable more sustainable ways of extracting metals.
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