MOL Group has agreed a $1.5billion revolving credit facility with a group of 15 banks.
The deal refinances a EUR500million revolving credit facility which expired last month and an additional $545million revolving credit facility which expired last year.
Chief financial officer József Simola said: “I am proud that MOL Group again proved to be among the top borrowers in the region. Originally our intention was to refinance the expiring EUR500million revolving credit facility.
“Due to the great market response we contracted a significantly higher amount at a substantially lower price level. The deal shows that the market has confidence in MOL Group and has appetite for its healthy risk profile.”
The deal, which includes 115 basis points, spans five years with two, one-year extension options.
MOL Group is the parent company of MOL Energy, which made its North Sea debut with a bumper $430million deal with Premier Oil earlier this year.
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