1 minuteHELLENIC PETROLEUM S.A. announces that its subsidiary HELLENIC PETROLEUM FINANCE plc, concluded a three year €350,000,000 Syndicated Credit Facility Agreement at very competitive terms. The purpose of the facility was to finance the acquisition of the shares of Hellenic Fuels SA (ex- BP Hellas SA).
The facility was initially underwritten for the amount of €250,000,000 by EFG Eurobank Ergasias S.A. and Alpha Bank A.E. which acted as Mandated Lead Arrangers. As a result of the strong demand during the syndication process in the secondary market both from leading Greek and international financial institutions, the facility was materially oversubscribed with commitments totalling €455,000,000 and closed at €350,000,000. Greek banks accounted for 60% of the total commitments and international financial institutions for 40%.
The strong demand from domestic as well as international financial institutions and the material oversubscription of the facility during a time of prevailing negative market sentiment for Greece is a clear evidence of the strong financial condition and credit standing of HELLENIC PETROLEUM.
For any questions, please contact:
E. Stranis
Public Relations & Corporate Affairs Director
Tel: +30 210 630 2241
Email: [email protected]
Public Relations & Corporate Affairs Director
Tel: +30 210 630 2241
Email: [email protected]