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Hungarian oil and gas company MOL signed an agreement for a €1 billion revolving credit.
The loan will refinance a €700 million revolving credit expiring on May 23, 2012, and will partially refinance a €825 million revolving credit agreement expiring July 25, 2013.
The €700 million open credit, concluded in May 2005, was canceled as part of the transaction.
The term of the credit is 5 years, which can be extended by another 2 years.