OMV Concludes New Syndicated Loans

Central- & Eastern EuropeRomania ♦ Published: November 23, 2011; 13:00 ♦ (Vindobona)

The Austrian oil and gas company has signed two syndicated multi-currency credit facilities totaling € 1,680m, which replaces existing facilities maturing in 2012.

OMV Concludes New Syndicated Loans / Picture: © Wikimedia Commons / DanielZanetti [CC BY 3.0 (]

OMV Group today announced the conclusion of two syndicated loans with a total amount of € 1,680m. OMV AG and OMV Petrom SA have refinanced existing facilities with new syndicated revolving credit facilities of € 750m and € 930m respectively. Both facilities, launched at a volume of € 750m each, were substantially oversubscribed. The tenors of the new facilities are five years…