OREANDA-NEWS. June 30, 2016. MOL Plc. hereby informs the capital market participants that it signed a EUR 615 million revolving credit facility (the “Facility”) with a group of ten banks.

The Facility refinances the EUR 439 million expired part of the EUR 1,000 million revolving credit facility which expired earlier in June 2016. Due to the favourable market conditions and the positive market response to the announced financing, MOL increased the amount of the Facility to EUR 615 million.

The Facility was coordinated by BNP Paribas and Erste Group Bank AG, with Erste Group Bank AG acting as the Facility Agent.

MOL achieved highly competitive conditions on the Facility with the initial margin being 95 basis points. The Facility was arranged as a club-deal with a group of relationship banks of MOL Group. The tenor of the Facility is 5 years with two one year extension options and incorporates an accordion mechanism allowing MOL to increase the Facility by an additional EUR 300 million during the life of the Facility. The Facility can be drawn in Euros and US Dollars.

The new facility further enhances the financial profile and the liquidity position of MOL Group.