Article Tools

OMV Considers € 1.5bn Credit Line

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: © Wikimedia Commons / Waerfelu [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]

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.…

This article includes a total of 117 words.

or Log In

Fast News Search
Related Reports
Nuclear Energy in Romania (June 28, 2013)
Automotive Manufacturing in Romania (August 27, 2013)
Raiffeisen Bank International AG - SWOT Analysis & Company Report (May 1, 2014)
Soft Drinks in Romania (March 29, 2013)
Erste Group Bank AG - SWOT Analysis & Company Report (April 1, 2014)
Related News
PKN Orlen Interested in OMV´s Petrol Stations (October 31, 2011)
BP Determines Purchase Contracts With OMV (October 31, 2011)
OMV Raises Production and Margins (October 21, 2011)
OMV Buys Gas Discovery from Norwegian Noreco (October 21, 2011)
OMV Promotes Nabucco Project Abroad (October 11, 2011)
OMV to Resume Oil Production in Libya (October 10, 2011)
Read More
OMV, Petrom, Energy Industry, Oil Industry, Gas Industry, Funding
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter