MOL Refinances EUR 750 mln Revolving Credit Facility

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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.

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