MET Group (“MET” or the “Group”), a leader in European energy marketing, is pleased to announce the successful increase of its Revolving Credit Facilities (the “Facilities” or the “Transaction”). The Facilities now amount to EUR 735 million, representing a total increase of EUR 175 million from the amount of EUR 560 million under its existing Facilities.
Under the Transaction the Group also increased its unsecured 364-day Revolving Credit Facility which closed at EUR 165 million, representing a 50 million increase from the previous amount of EUR 115 million. This is a further important milestone allowing the Group to further increase its financing flexibility.
The expanded Facilities will be used for general corporate purposes.
Four new lenders joined the Facilities, leading to a total of 13 banks currently participating in the Transaction. The Facilities demonstrate MET’s continuous strong access to funding sources from a wide pool of international banks and underline new lenders’ appetite to finance the natural gas marketing sector.
Participating lenders and legal adviser
Facility and Security Agent
ING Bank N.V., London Branch
Lenders
Citibank Europe Plc.
Credit Suisse (Schweiz) AG
Erste Group Bank AG
GarantiBank International N.V.
GPB International S.A.
ING Bank N.V.
Natixis
OTP Bank Nyrt.
UniCredit Bank AG
UniCredit Bank Hungary Zrt.
Rabobank International
Raiffeisen Bank International AG
Raiffeisen Bank S.A.
Lenders’ Counsel
Clifford Chance LLP
About MET Group
MET Group is a leader in the European energy marketing sector. Headquartered in Switzerland, MET is an active participant in the European natural gas, power and oil markets. MET is present in 13 countries through subsidiaries, 27 national gas markets and 19 international trading hubs, with a significant end-consumer presence in Croatia, Italy, Hungary, Romania, Slovakia, and Spain.
Implementing innovation in traditional European energy markets www.met.com