EUR 112 million Senior Secured Term Loan Facility

2018. 07. 04.

MET Group, an integrated European energy company, is pleased to announce the closing of a EUR 112,000,000 Senior Secured Term Loan Facility.

The Facility was arranged by Mandated Lead Arrangers & Bookrunners Citibank N.A. (London Branch), UniCredit S.p.a. and UniCredit Bank Hungary Zrt. In addition to the Mandated Lead Arrangers & Bookrunners, 7 additional financial institutions participated in the transaction.

The Facility with a tenor of 7 years and structured on a non-recourse basis, was very well received by invited banks during general syndication and closed substantially oversubscribed.

This Facility adds further financing capability to support the growth strategy of the Group to increase its European asset portfolio within its industrial focus.

The Facility demonstrates MET’s strong access to funding sources from a wide pool of international banks and underline lenders’ interest to finance industrial assets in the natural gas sector.

 

Facility Agent:

UniCredit Bank AG, London Branch

Security Agent:

Citibank N.A., London Branch

Lenders:

Citibank Europe plc Hungarian Branch Office

Erste Bank Hungary Zrt.

ING Bank N.V., London Branch

International Investment Bank

MKB Bank Zrt.

OTP Bank Nyrt.

Raiffeisen Bank Zrt.

TakarékBank Zrt.

UniCredit Bank Hungary Zrt.

Lender’s Counsel:

Clifford Chance LLP

 

About MET Group

MET Group is an integrated European energy company. Headquartered in Switzerland, MET is an active participant in the European natural gas, power and oil markets. The Group is present in 15 countries through subsidiaries, 28 national gas markets and 23 international trading hubs. MET has traded 35 BCM of natural gas in 2017 (European natural gas consumption in 2017 was 465 BCM). MET Group also has a substantial power portfolio including a 794MW power plant in Hungary.