Clifford Chance Prague Association advises CSG on landmark dual- tranche bond issuance

Approved by CSG: 4 July 2025
Date of publishing: 11 July 2025
PRESS RELEASE
Clifford Chance Prague Association advises CSG on landmark dual-
tranche bond issuance
Clifford Chance Prague Association has advised CZECHOSLOVAK GROUP (CSG), a leading
defense, industrial, and technology group based in Prague, on its successful $1 billion and €1
billion dual-tranche senior secured notes issuance due 2031. The bonds were issued at 6.5%
(USD) and 5.25% (EUR), following exceptionally strong investor demand which led to an upsizing
from the originally planned $500 million and €350 million.
This transaction builds on the firm’s ongoing support for CSG, having previously advised on the
corporate, regulatory and financing aspects of CSG’s acquisition of The Kinetic Group in the
United States, on the financing of the acquisition of a 30% stake in Fiocchi Munizioni, and on the
financing of the acquisition of International Flavors & Fragrances Inc.’s nitrocellulose business,
including its associated production plant and operations located at the Walsrode Industrial Park in
Germany.
Miloš Felgr, managing partner at Clifford Chance Prague Association, added: “We are delighted
to have supported CSG on this landmark transaction and congratulate them on such a remarkable
success. We truly value the trust they have once again placed in our international team.”
The global industrial-technological group of companies CSG is owned by Czech entrepreneur
Michal Strnad. It supplies technologies worldwide that contribute to a safer and more stable future.
CSG focuses on the development and production of strategically important products, systems,
and technologies in the fields of defence, aerospace, automotive, and other industries. With key
manufacturing facilities in the Czech Republic, Slovakia, Spain, Italy, India, the United Kingdom,
and the USA, CSG exports its products worldwide.
The international and multidisciplinary legal team was led by Jill Concannon, US qualified partner
and Miloš Felgr, CSG´s relationship partner with support from senior associates Vladimír Rýlich,
Hana Čekalová, Phil Houten and Stanislav Holec, tax counsel Petr Šebesta, lawyer Geoffrey
Adonu, junior lawyers Ondřej Šteco and Dávid Herich, and paralegal Barbora Fiřtíková, and with
support of lawyers from Clifford Chance offices in London, Frankfurt, Madrid, Milan, and New York.
ENDS
For further information, please contact Tereza Juráková at +420 222 555 582 or
tereza.jurakova@cliffordchanceprague.com.

 

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