MOL extends RCF in scant Hungarian pipeline

Oil pipeline 230x150
By Mariam Meskin
31 Jul 2019

Hungarian gas and oil company MOL has extended part of an existing €555m revolving credit facility by one year, in what is one of the few sparks of activity in the country's syndicated loan market so far this year.

The five year €555m revolving credit facility was scheduled to expire in July 2023. The newly extended portion of €470m will now mature in July 2024. 

The margin on the original deal was 75bp over Euribor and will remain the same on the facility's extended portion.

Bookrunners on the original deal were

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