MET Group increases RCF to €735m

News | 10 August 2017

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European energy marketing company MET Group (MET) has increased its revolving credit facilities (RCF) to €735m, up from €560m previously.

The group also closed its unsecured 364-day revolving credit facility at €165m, a €50m increase from the previous amount of €115m.

Met has said the expanded facilities will be used for general corporate purposes.

Four new lenders have joined the facilities, taking the total of banks currently participating in the transaction to 13.

With ING acting as facility and security agent and the Clifford Chance as lenders’ counsel, Citibank, Credit Suisse, Erste Group, GarantiBank, GPB, ING Bank, Natixis, OTP Bank, UniCredit, UniCredit Hungary, Rabobank, Raiffeisen Bank International AG and Raiffeisen Bank SA participated as lenders.

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