MOL initially signed the five-year revolving credit facility agreement with 15 banking groups on July 9, 2018. The extended part of the facility now matures on July 9, 2024. The margin levels on the extended part of the facility are unchanged.
Under the original agreement, MOL may extend the maturity of the facility twice, by one year each time.
MOLʼs net gearing ratio stood at 12% at the end of last year, down from 17% at the end of 2017, MTI noted.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
