MOL signed an EUR 740 million, ESG KPI Linked multicurrency revolving credit facility agreement

MOL Plc. (“MOL”) hereby notifies market participants of the following: 

MOL Group Finance Zrt. as borrower and MOL as guarantor signed a EUR 740 million ESG KPI Linked multicurrency revolving credit facility agreement (the “Agreement”). The tenor of the facility is 5 years with two 1-year extension options.

The total available commitment will be cancelled under the revolving credit facility agreement concluded by MOL Group Finance Zrt. on 26 September 2019 in the amount of EUR 570 million, which amount was later increased to EUR 780 million.

The Agreement was arranged as a club deal with 12 banking groups, with Erste Group Bank AG and OTP Bank Nyrt. as the coordinators.

Erste Group Bank AG will act as Facility Agent, and BNP Paribas as Sustainability Coordinator for this transaction.

The sustainability targets in the Agreement are aligned with the Shape Tomorrow Strategy of MOL Group and as such the transaction reconfirms the Group’s commitment to its long-term strategy.