OMV Considers € 1.5bn Credit Line

Central- & Eastern EuropeRomania ♦ 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 (]

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.…