MOL Refinances EUR 750 mln Revolving Credit Facility
Image by Postmodern Studio / Shutterstock.com
Hungarian oil and gas company MOL has refinanced a EUR 750 million multicurrency revolving credit facility signed in 2017, the issuer said in an announcement posted on the website of the Budapest Stock Exchange.
MOL Group Finance, as borrower, and MOL, as guarantor, signed a EUR 600 mln multicurrency (EUR/USD) revolving credit facility agreement, a JPY 14.6 bln (EUR 100 mln) bilateral revolving credit facility agreement, and a EUR 50 mln bilateral multicurrency (EUR/RMB) revolving credit facility agreement.
The agreements constitute the full refinancing of the revolving credit facility agreement signed on December 15, 2017, which would have matured in 2024.
The tenor of the new facilities is five years with two, one-year extension options.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
