INA signs $300 mln revolving credit facility agreement
Croatian oil and gas company INA, a subsidiary of Hungaryʼs MOL, signed a $300 million long-term multi-currency revolving credit facility agreement, the company said yesterday.
The facility will be used for general corporate purposes to procure relevant funds on domestic and international markets.
Maturity of the credit facility is three years with an option for 1+1 year extension.
The facility is coordinated by Erste Group Bank AG and the facility agent is ING Bank N.V., London Branch.
INA said the agreement has "highly competitive conditions" and it provides it with credit at a 165 basis point margin.
ADVERTISEMENT
POPIHN Raises Forecast for Fuel Consumption
Hungarian Lawmakers Ratify Finland's NATO Accession
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.
