Budapest, 21 December 2017 – Dentons has advised UniCredit Bank AG, London branch and MUFG as coordinators on a EUR 750 million revolving credit facility provided by a group of 13 banks to MOL Plc., the Hungarian multinational oil and gas company. Société Générale acted as the facility agent.
The new facility has been arranged as a club deal with a group of MOL’s relationship banks. It has a tenor of five years (with two one year extension options) and can be drawn in both Euros and US Dollars.
Lee Federman, partner in Dentons’ Banking and Finance team, said, “We are delighted to have advised UniCredit and MUFG on MOL’s new revolving credit facility, which will serve to further enhance MOL’s financial profile and liquidity position.”
The Dentons team which advised UniCredit and MUFG was led by Lee Federman alongside Gergely Horváth, partner in Dentons’ Budapest office, and associates Alistair Stoddart and Emily Higgins in London.