31 Oct 2014

MOL signed a USD 1,550 million revolving credit facility agreement

MOL Plc. hereby informs the capital market participants that on 30th October 2014 it signed a USD 1,550 million revolving credit facility agreement (“Agreement”) with a group of fifteen banks. The new facility refinances the EUR 500 million revolving credit facility which expired in September 2014 as well as the USD 545 million revolving credit facility concluded in April 2013. The Agreement is coordinated by Crédit Agricole Corporate and Investment Bank and ING Bank NV; Bank of America Merrill Lynch is the facility agent.

MOL achieved through the deal highly competitive conditions with margin of 115 basis points. The facility is arranged as a club-deal type, with a group of main relationship banks of MOL Group.

The tenor of the Agreement is 5 years with 1+1 year extension options. The facility has a multi-currency feature thus can be drawn both in US Dollars and Euros.

The new facility further enhances the financial profile and the liquidity position of MOL Group and contributes to preserve its existing commercial banking partnerships while introducing new lenders as well.

József Simola, MOL Group CFO comments the deal:

“I am proud that MOL Group again proved to be among the top borrowers in the region. Originally our intention was to refinance the expiring EUR 500 million revolving credit facility. Due to the great market response we contracted a significantly higher amount at a substantially lower price level. The deal shows that the market has confidence in MOL Group and has appetite for its healthy risk profile.”