INA achieved highly competitive loan conditions and continues to be recognized as a respectable partner with a compelling position on the financial markets
Facility can be used for general corporate purposes, and support the company to achieve its strategic objectives and a long-term sustainable growth
Zagreb, 20 October 2022 – INA signed the EUR 300 million revolving credit facility agreement with eight banking groups represented by international and domestic banks: BNP Paribas, ING Bank N.V. Hungary Branch, MKB Bank Nyrt, OTP banka d.d., Privredna banka Zagreb d.d., Raiffeisenbank Austria d.d., SMBC Bank EU AG, Tatra banka, a.s. and Zagrebačka banka d.d. The facility was arranged as a club-deal and can be used for general corporate purposes, including investments. The facility concluded in 2018 in the amount of USD 300 million has been refinanced with this new facility.
After last year’s successful issuance of 2 billion HRK bonds, which was one of the largest single issues on the Croatian corporate bond market ever, INA again achieved very competitive conditions. “INA continues to be recognized as a respectable partner with a compelling position on the financial markets. The new facility agreement further contributes to the financial stability and competitiveness of INA and supports the company in achieving its strategic objectives and a long-term sustainable growth”, says Péter Ratatics, the Management Board President of INA.
The transaction was coordinated by Privredna banka Zagreb d.d. and Zagrebačka banka d.d., whereas ING Bank N.V., London Branch will act as Facility Agent. The tenor of the facility is three years with two one-year extension options, and it can be drawn in EUR and USD.
Download the video statement of Péter Ratatics, President of the INA Management Board, here.
About INA Group
INA Group plays a leading role in oil operations in Croatia and a significant role in the region in oil and gas exploration and production, oil refining and distribution of oil and petroleum products. INA Group comprises several subsidiaries fully or partial owned by INA, d.d. The Group’s seat is in Zagreb, Croatia. Apart from Croatia, INA also has upstream operations in Angola and Egypt. Oil refining takes place at the Rijeka Oil Refinery, while sustainable alternative businesses are being developed at the Sisak industrial site. INA’s regional retail network consists of more than 500 retail sites in Croatia and neighboring countries. INA Group is a member of MOL Group.
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