CMS has advised coordinator and facility agent Raiffeisen Banking Group on the EUR 600 million nine-banking-group club multicurrency revolving credit facility for the MOL Group. Baker McKenzie advised the MOL Group on the deal. CMS also acted as transaction counsel on MOL's JPY 14.6 billion bilateral revolving credit facility and its EUR 50 million bilateral EUR/CNY revolving credit facility.
The three agreements – with MOL Group Finance Zrt as borrower and MOL Plc as guarantor – constitute a full refinancing of the revolving credit facility agreement signed by the MOL Group in December 2017 for a total of EUR 750 million, which would have matured in 2024. The tenor of the new facilities is five years with up to two one-year extension options.
The CMS team included Partner Ana Radnev, Senior Counsel Eszter Torok, and Associate Balazs Bibok.
The Baker McKenzie team included Partners Jozsef Vagi and Michael Foundethakis and Associate Andrea Weinraub.