MOL signs €2.1 bln revolving credit


Hungary’s oil and gas group MOL announced today that on 2 October it signed a new €2.1 billion ($2.98 billion) multi-currency revolving facility agreement with the Mandated Lead Arrangers and Senior Lead Arranger banks.

As a result of the current level of commitment, the amount of the facility has been increased by €100 million to €2.1 billion. The list of the participating banks will be finalized at the end of the general syndication, planned for second half of October. “This facility is already the largest-ever Euroloan transaction for MOL, which clearly shows the success of the company’s financial strength and excellent operational outlook, as well as the high level of support of MOL’s relationship banks,” MOL said in a statement on the Budapest Stock Exchange (BÉT) website.

The €2.1 billion commercial bank facility has a maturity of three years with bullet repayment and carries an interest rate of EURIBOR plus 27.5 basis points out of the box, subject to a margin grid based on the ratio of Net Debt to EBITDA. The proceeds of the facility will be used for general corporate purposes, including acquisitions. (


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