Poland’s PKN Orlen raises revolver in middle of acquisition spree

AdobeStock_oil_worker_575x375_13July2020
By Mariam Meskin
05 Aug 2020

Polish oil refiner and petrol retailer PKN Orlen has raised a revolving credit facility. The Polish corporate is in the process of acquiring two fellow Polish energy corporates, as bankers predicted an uptick in M&A activity.

The €1.75bn revolving credit facility has a tenor of three years as well as a one year plus one year extension, allowing the borrower to extend the facility by two years. 
According to bankers, Poland's Bank Pekao coordinated the loan, which is a refinancing of an existing revolver. PKN ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial