White & Case advises on Fortuna’s CZK 20 billion domestic bond programme and CZK 1.7 billion retail note issuance

Global law firm White & Case LLP has advised Česká spořitelna, Komerční banka and Penta Bank as joint lead managers, on the issuance of CZK 1.7 billion (approximately €70 million) 7.00% guaranteed notes by Fortuna, a leading omni-channel betting and gaming operator in Central and Eastern Europe.

The notes were issued under Fortuna's newly established CZK 20 billion (approximately €830 million) note programme, on which White & Case also advised earlier this year.

The notes, issued by Fortuna Funding CR s.r.o. and guaranteed by its parent company Fortuna Entertainment Holding Ltd, are listed on the regulated market of the Prague Stock Exchange.

White & Case partner Petr Hudec, who led the Firm's deal team, said: "Strong retail demand for this debut note issuance is a clear sign of investor confidence in Fortuna's business and growth story across several countries, as well as a testament to the depth of the retail market which has only grown in recent years. We are proud to have helped structure a programme that gives Fortuna the flexibility to continue accessing the debt capital markets going forward."

Headquartered in Prague and wholly owned by the Penta investment group, Fortuna provides gaming and sports betting services across six European countries, including the Czech Republic, Slovakia, Poland, Croatia, Romania, and Montenegro.

The White & Case team in Prague which advised on the transaction was led by partner Petr Hudec and included associates David Mikyska and Josef Levy.

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