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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Credit Agricole SA | EU:ACA | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.515 | 3.52% | 15.125 | 15.115 | 15.125 | 15.23 | 14.885 | 14.89 | 2,611,417 | 09:54:52 |
BUDAPEST--Hungary-based oil and gas firm MOL Nyrt. (MOL.BU) signed a revolving credit facility of up to $1.55 billion with 15 banks Thursday, the company announced in a stock exchange filing Friday.
MAIN FACTS:
- The new facility refinances MOL's 500 million euro ($630 million) revolving credit facility that expired in September, as well as the $545 million revolving credit facility concluded last April.
- The deal is coordinated by Credit Agricole S.A. (CRARY) and ING Bank NV, while Bank of America Merrill Lynch is the facility agent.
- The tenor of the facility is five years with an option of extension by one plus one year. It can be drawn both in US dollars and euros.
- "Due to the great market response we contracted a significantly higher amount at a substantially lower price level," Jozsef Simola, MOL's chief financial official was quoted as saying in the statement, adding that originally the company only intended to refinance its expiring 500-million-euro revolving credit facility.
Write to Veronika Gulyas at veronika.gulyas@wsj.com; Twitter: @VeronikaGulyas1
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