29
Wed, May
79 New Articles

CMS and Baker McKenzie Advise on Refinancing of MOL Group's 2017 EUR 750 Million Multicurrency Revolving Credit Facility

CMS and Baker McKenzie Advise on Refinancing of MOL Group's 2017 EUR 750 Million Multicurrency Revolving Credit Facility

Hungary
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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.

Baker McKenzie at a Glance

Baker McKenzie brings insight and foresight to clients across more than 70 global offices. Our team of 13,000 people, including over 6,500 lawyers, works alongside our clients to drive growth that is both sustainable – and inclusive. The global business community is more interconnected than ever before. Opportunities and risks spill across different markets, sectors and areas of law, so a connected perspective is essential in delivering business objectives while mitigating risk. Our integrated client solutions provide seamless advice, underpinned by deep practice and sector expertise, as well as first-rate local market knowledge.

In the Central and Eastern European (CEE) region, Baker McKenzie's expansion remains steadfast, with a thriving team of over legal professionals. Our footprint extends across six offices in Austria, the Czech Republic, Hungary, Poland, Türkiye, and Ukraine. As part of our global network, coupled with well-established partnerships throughout the entire CEE landscape, we proudly stand as one of the foremost international law firms in this dynamic territory. Our reputation as a premier business law firm in CEE is a testament to our extensive experience in advising on a multitude of prestigious projects and nurturing enduring client relationships.

Firm's website.