21
Sat, Oct
34 New Articles

A&O Frankfurt Advises MOL on First Ever Schuldschein Transaction of a Hungarian company

A&O Frankfurt Advises MOL on First Ever Schuldschein Transaction of a Hungarian company

Hungary
Typography

Allen & Overy has advised MOL Plc. in connection with the conclusion of Schuldschein loan agreements with a total volume of EUR 110 million. 

The Schuldschein facility is split into tranches with terms ranging from three to seven years and a favorable average term of 5.2 years. 

MOL is an integrated, independent international oil and gas group headquartered in Budapest. It employs more than 25,000 staff in over 30 countries and has been operating in its line of business for more than 100 years.

According to A&O, "the transaction has attracted a number of new investors and permits MOL to diversify its funding base. It is not only MOL's debut transaction in the Schuldschein market but at the same time the first ever Schuldschein transaction of a Hungarian corporate."

The A&O team was led by Frankfurt-based Partner Neil George Weiand. Inhouse advice at MOL Plc. was provided by Group Legal Senior Counsel Judit Toth. 

Hungary Knowledge Partner

Established in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 300 lawyers in 13 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

All News about, and Legal Analysis by, Wolf Theiss can be found here.

Firm's website: http://www.wolftheiss.com/

Our Latest Issue