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Dentons and CMS Advise on Credit Facility Deal for MOL

Dentons and CMS Advise on Credit Facility Deal for MOL


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.


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.

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