INA, d.d. (“INA”) signed a USD 300 million revolving credit facility agreement with 7 bank groups on 11th of December.
This facility refinances the facility concluded in 2015 in the same amount. The facility was arranged as a club-deal via procuring sources of funds on domestic and international markets and will be used for general corporate purposes. The transaction was coordinated by Raiffeisen Bank International AG, whereas ING Bank N.V., London Branch will act as Facility Agent. The tenor of the facility is 3 years with two one-year extension options and it can be drawn in US Dollars and Euros.
INA achieved highly competitive conditions with the initial margin being 90 basis points and continues to be recognized as a respectable partner with a compelling position on the financial markets. The new facility agreement further contributes to the financial stability of INA and enables it to achieve its strategic objectives which supports a long-term sustainable growth.
Source of information:
INA - Industrija nafte d.d.
Av. V. Holjevca 10, Zagreb
Investor Relations
Tel.: + 385 1 645 0000
Fax: + 385 1 645 2444
e-mail: investitori@ina.hr
web: www.ina.hr
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