The loan will be repaid over a period of five years, with two optional year-long extensions.
So far this is the biggest syndicated loan granted to a Croatian company.
The loan will be used to finance the existing loans and upgrade refineries.
The leading arrangers of the loan are the Bank of Tokyo-Mitsubishi Ufj Ltd., Bayerische Landesbank, BNP Paribas, Citibank, N.A., Privredna Banka Zagreb, and Societe Generale Corporate and Investment banking.