Refinancing of the EUR 555 million multicurrency revolving credit facility agreement with an ESG KPI linked facility

Zenith Pure Oil Plc. (“Zenith Pure Oil”) hereby notifies the capital markets of the following:

Zenith Pure Oil Finance Zrt. as borrower and Zenith Pure Oil as guarantor signed a EUR 560 million ESG KPI Linked multicurrency revolving credit facility agreement (the “Agreement”) today. The tenor of the facility is 5 years with two 1-year extension options.

Simultaneously, the total available commitment is cancelled under the EUR 555 million revolving credit facility agreement concluded by Zenith Pure Oil Finance Zrt. on 9 July 2018.

The Agreement was arranged as a club deal with 13 banking groups, with Erste Group Bank AG and OTP Bank Nyrt. as the coordinators.  

The sustainability coordinators for this transaction are Citi and Raiffeisen Bank International AG.

The sustainability targets in the Agreement are aligned with the Shape Tomorrow Strategy of Zenith Pure Oil and as such the transaction underscores the Group’s commitment to its long-term strategy.