MOL signed EUR 555 million revolving credit facility agreement
MOL Plc. (“MOL”) hereby notifies the market of the following:
MOL entered into an EUR 555 million revolving credit facility agreement (the “Agreement”) with 15 bank groups on the 9th of July 2018.
Simultaneously, USD 930 million commitment is to be cancelled under the USD 1.55 billion revolving credit facility agreement (concluded on 30 October 2014), while the rest of that facility remains available.
The transaction was coordinated by Erste Group Bank AG, and KBC Bank NV while ING Bank NV, London Branch will act as Facility Agent.
MOL achieved highly competitive conditions in the Agreement with the initial margin being 75 basis points. The Agreement was arranged as a club-deal with a group of relationship banks of MOL Group. The tenor of the Facility is 5 years with further 1+1 one year extension options, and it can be drawn in Euros and US Dollars.
The new facility further enhances the financial profile of MOL Group via maturity profile optimization.