Zagreb/London, April 4 – INA has signed an Agreement on long-term multi-currency revolving credit facility worth USD 400 million. On behalf of INA, the Agreement was signed by Mr. Zoltán Áldott, president of the Management Board and Mr. Niko Dalić, member of the Management Board. The purpose of this facility realized on international market is general corporate purposes. Maturity of the credit facility is 3 years with an option for 1+1 year extension.
Lenders under credit facility are 12 international and domestic banks, among which Mandated Lead Arrangers are: Erste Group Bank AG, ING Bank N.V., Privredna banka Zagreb d.d./CIB Bank Ltd., Raiffeisen Bank International AG and Sberbank d.d.. Other banks participating in facility are The Bank of Tokyo–Mitsubishi UFJ, Ltd., BayernLB, Natixis, Societe Generale-Splitska banka d.d., Amsterdam Trade Bank N.V. and KDB Bank (Hungary) Ltd.
“The loan will be partly used to refinance the current loan which is maturing in April 2013 as well as for general purposes. We are very satisfied with arranging such favorable terms which will help us to continue with our plans and achieve further stability. This kind of financial support will also contribute in achieving a long-term sustainable growth, placing the company clearly ahead of its key regional competitors.
Nevertheless, this is also a proof that our company is continuing to be recognized as respectable partner on international financial markets and this makes us proud.” – said Mr. Áldott in this opportunity.
Mandated Lead Arrangers, Erste Group Bank AG, ING Bank N.V., Privredna banka Zagreb d.d./CIB Bank Ltd., Raiffeisen Bank International AG and Sberbank d.d. welcomed INA’s efforts for raising funds on international loan market in order to maintain sustainable and healthy financial support for its long-term operations. “We continuously recognize INA’s strength and ambition to carry on with its mission to become an eminent market player in south-east Europe. We are glad to cooperate with such companies and to be able to give our financial support for achieving planned goals.” – concluded Mr. Friedrich Hondl (Erste Bank) and Istvan Salgo (ING Bank) representing the Coordinators under the facility.
In addition to this facility INA has signed an intragroup long-term loan agreement provided from MOL Group by which intragroup financing has been increased from USD 200 million to USD 300 million.Documents