OMV refinances €1.5 bn syndicated loan

Austria-based energy group OMV, majority shareholder of Petrom, said it agreed to refinance a €1.5 billion syndicated revolving multi-currency credit facility with a five-year maturity.“This marks the latest step in a process of enhancing the funding profile of the Group initiated in September 2008 with the first time publication of credit ratings assigned by Moody’s (A3) and Fitch (A-)”, OMV said in a press release. This facility replaces the existing facility expiring 2011 and will ...

Developed by Codecraftsman