EUR 570 million revolving credit facility agreement
EUR 570 million revolving credit facility agreement (the “Agreement”) was signed on the 26 September 2019 by MOL Group Finance S.A. Bertrange, Zürich Branch (“FinCo”) as Borrower and MOL as Guarantor with 14 bank groups.
MOL Plc. (“MOL”) hereby notifies the market of the following:
EUR 570 million revolving credit facility agreement (the “Agreement”) was signed on the 26 September 2019 by MOL Group Finance S.A. Bertrange, Zürich Branch (“FinCo”) as Borrower and MOL as Guarantor with 14 bank groups.
Simultaneously, the total available commitment is cancelled under the USD 1.55 billion revolving credit facility agreement concluded on 30 October 2014, in the amount of USD 620 million.
The transaction was coordinated by BNP Paribas and UniCredit Bank Hungary Zrt., while Erste Group Bank AG, will act as Facility Agent.
MOL achieved highly competitive conditions in the Agreement with the initial margin being 70 basis points. The Agreement was arranged as a club-deal with MOL Group’s relationship banks. The tenor of the Facility is 5 years with 1+1-year extension option, it can be drawn in Euros and US Dollars.
The new Agreement further enhances the financial profile of MOL Group via maturity profile optimization.