Romanian OMV Petrom Contracts EUR930M Credit
Romanian oil company OMV Petrom (SNP.RO) contracted a multi-currency revolving credit facility worth EUR930 million, with three years tenor and a possibility for a two-year extension, for general corporate purposes and to fund the current investment program.
The loan replaces credit facilities worth EUR875 million, contracted in 2008 and 2009 and maturing in 2012.
The credit facility, initially launched for an amount of EUR750 million, was oversubscribed, with BNP Paribas, BRD-Groupe Societe Generale, Citi, Raiffeisen Bank International AG and Unicredit as bookrunners and mandated lead arrangers in the transaction.
The bank syndicate includes 14 lenders. The initial margin was set at 1.90% per year, higher than the relevant reference rate.
Citește și
3 min
Rareș Udrescu
3 min
Rareș Udrescu
5 min
Cristian Hostiuc