Dentons has advised the London branch of UniCredit Bank AG and MUFG as coordinators on a EUR 750 million revolving credit facility provided by a group of 13 banks to MOL Plc, the Hungarian multinational oil and gas company. CMS advised MOL on the deal.
The new facility was arranged as a club deal with a group of MOL's relationship banks. It has a tenor of five years (with two one year extension options), and can be drawn in both euros and US dollars. Societe Generale acted as the facility agent.
The Dentons team advising UniCredit and MUFG was led by London-based Partner Lee Federman and Budapest-based Partner Gergely Horvath, supported by London-based Associates Alistair Stoddart and Emily Higgins.
CMS's team included Bucharest-based Partner Simon Dayes and Budapest-based Partner Erika Papp and Consultant Stefania Lepore.