1 minuteHellenic Petroleum S.A. and Hellenic Petroleum Finance PLC (together “Hellenic Petroleum”) are pleased to announce that they have successfully signed a new €605,000,000 Term Loan Facility and a Bond Loan (together “the Facilities”). The Facilities, which were supported by a group of international and domestic banks, were oversubscribed, exceeding the initial target of €525,000,000.
The Facilities, which have a 3 year tenor, will be used to refinance existing facilities and for general corporate purposes.
Eurobank Ergasias S.A. Alpha Bank A.E., National Bank of Greece S.A., Piraeus Bank S.A. and HSBC Bank plc acted as Mandated Lead Arrangers. Eurobank and HSBC also acted as Coordinators and Bookrunners. In total twelve banks, six Greek and six International, signed into the Facilities.
These Facilities are in addition to a €225,000,000 syndicated facility signed in December 2012, for which Alpha Bank A.E. acted as Agent and which will also be used for refinancing.
HELLENIC PETROLEUM GROUP
Founded in 1998, Hellenic Petroleum is one of the leading energy groups in Southeast Europe, with activities spanning across the energy value chain and presence in 8 countries. Its shares are primarily listed on the Athens Exchange (ATHEX: ELPE), with its market capitalisation amounting to c. €2.6bn.
Further information:
V. Tsaitas, Investor Relations Officer
Tel.: +30-210-6302399
Email: [email protected]
G. Stanitsas, Group Communications Director
Tel.: +30-210-6302197
Email: [email protected]