EUR 500,000,000 Senior Secured Multicurrency Revolving Credit Facilities for MET Group
Zug, 16 June 2016 – MET Group (“MET”), a leader in the European energy marketing sector, has successfully increased its Senior Secured Multicurrency Credit Facilities (the “Facilities”) to EUR 500 million.
The Facilities were originally signed in February 2015 for EUR 400 million, and extended for one year with all original lenders in February 2016. Due to strong demand, MET re-opened its books in a private syndication to involve selected new lenders.
The Facilities consist of committed and uncommitted tranches for loans and trade instruments, secured by inventory and trade receivables in several European countries, and will be used for general corporate purposes.
The upsized Facilities demonstrate the international banking community’s continued support for MET and interest in the natural gas and broader energy marketing sector.
Participating lenders and legal adviser
Facility and Security Agent
- ING Bank N.V., London Branch
- Credit Suisse AG
- ING Bank N.V.
- Citibank Europe Plc.
- OTP Bank Nyrt.
- UniCredit Bank Hungary Zrt.
- Rabobank International (Cooperatieve Rabobank U.A.)
- Raiffeisen Bank International AG
- 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 10 countries through subsidiaries, 19 national gas markets and 21 international trading hubs, with a significant end-consumer presence in Croatia, Hungary, Romania, and Slovakia.
MET Group: Implementing innovation in traditional European energy markets
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