Rompetrol takes out USD 200 mln syndicated loan

Newsroom 16/03/2012 | 18:28

Oil group Rompetrol got a syndicated loan of USD 200 million with a five year maturity through a club deal. UniCredit Bank Austria was sole coordinator and facility agent, while Citi, JP Morgan and RBS were book runners and lead arrangers. The loan was guaranteed by KazMunaiGaz, which has a 75 percent stake in Rompetrol Group.

Law firm White & Case has advised UniCredit Group on the deal and the transaction involved work across multiple jurisdictions, including English, Kazah, Dutch and Romanian law.

“The club deals have become the norm in today’s financing environment and it is uplifting to have a deal of such considerable amount given the current international risk adverse context,” said partner Delia Pachiu of White & Case Bucharest. “The reputation of the borrower and its parent group, coupled with their publicly announced ambitious investment program for the next several years, have been essential elements in bringing the transaction to a successful signing.”

Rompetrol Group is involved in the refining, distribution and trading of oil and petroleum products, and holds a 25 percent market share in Romania according to its estimates. The group is headquartered in Amsterdam and has operations in 12 countries.

Ovidiu Posirca