OMV Considers € 1.5bn Credit Line

Central- & Eastern Europe › Romania ♦ Published: November 4, 2011; 15:26 ♦ (Vindobona)

The Austrian oil and gas company is negotiating a major credit facility with a term of five years.

OMV Considers € 1.5bn Credit Line / Picture: © Vindobona.org

According to Bloomberg, OMV is seeking a € 1.5bn credit line. The money should be raised together with the group’s Romanian subsidiary Petrom, company insiders were cited.

OMV’s credit line would have a volume of € 750m and a term of five years that could be extended by another two years. Petrom’s credit term would be three years with an extension option to five years.…

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