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INA signs $300 mln revolving credit facility agreement

Recycling

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.

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