Hungarian oil and gas company MOL announced that it has entered into a 555 million euros revolving credit agreement with 15 bank groups.
According to the statement from the company, the transaction was coordinated by Erste Group Bank AG and KBC Bank NV, while the London branch of ING Bank NV will act as the facility agent. MOL achieved achieved highly competitive conditions with an initial margin of 75 basis points. The maturity of the facility is five years, with extension options, and it could be drawn in euros and US dollars.
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Tags: financial, gas, Hungary, loan, Mol, oil