Not all hot air for Polish energy firm PKN Orlen

04 Apr 2011

Polish energy company PKN Orlen is seeking a Eu1.5bn revolving credit facility, according to loans bankers.

The borrower has not set a tenor for the deal and may increase the size of the facility if lenders demonstrate enough interest. It is offering a top ticket of Eu300m. The deal will refinance the company’s outstanding debt.

Bankers close to the borrower said that they expected the ...

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