MET Group Wins TXF 'Commodity Financing Deal of the Year'
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Amsterdam-based financial market analysis company TXF awarded the Swiss-based energy company MET Group, which has Hungarian roots, with the "European Commodity Financing Deal of the Year" award in connection with a credit line signed in 2023, according to profitline.hu.
The unique credit line construction was developed by the MET Group's financial team together with ING Bank, which led the project as coordinator, collateral and credit facility agent. Natixis CIB and Société Générale joined it as active organizing banks.
The credit line, originally launched with EUR 1 billion and intended to refinance a short-term revolving credit line of EUR 885 million, was oversubscribed and closed at EUR 1.33 bln with the participation of 16 international banks.
TXF, the Amsterdam-based European commodity and trade finance news, market research, analysis, and data services company, annually announces the 10 most outstanding transactions (TXF's Perfect 10 Awards) in export and commodity trade finance. The result is decided by a jury and expert voting.
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