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ROMPETROL RAFINARE S.A. - RRC

Signing of documents related to the Credit Facility extension

Release Date: 4/23/2021 6:29:13 PM

IRIS Code: BAEBD

 

No. 2369/April 23, 2021                   

To:       Financial Supervisory Authority                                        

           

Bucharest Stock Exchange

 

 

From:               ROMPETROL RAFINARE S.A.

 

 

 

CURRENT REPORT

prepared according to Law no. 24/2017 on issuers of financial instruments and market operations and the F.S.A. no. 5/2018 on issuers of financial instruments and market operations

 

 

Report date: 23 April, 2021

 

ROMPETROL RAFINARE S.A.

Head office: Navodari, 215 Navodari Boulevard, Administrative Building, Constanta County

Phone number: 0241/506100

Fax number: 0241/506930; 506901

Serial number in the Trade Register: J13/534/1991

Unique Registration Code: 1860712

Subscribed and Paid-in capital: RON 4,410,920,572.60

Regulated market on which securities are traded: Bucharest Stock Exchange (RRC market symbol)

 

Important event to report: Signing of related documents for the extension until June 30, 2021 of Facility C in the amount of USD 75 million, component part of the existing Credit Facility in the amount of USD 435 million

 

ROMPETROL RAFINARE S.A. (hereinafter referred to as “the Company” or “RRC”) informs the Shareholders and Investors that on April 23, 2021 it extended the duration until June 30, 2021 and amended accordingly a multicurrency credit facility (USD, RON, EUR) in the amount of USD 75 million (Facility C), component part of the Credit Facility concluded on April 23, 2015, with subsequent amendments and completions (“Existing Credit Facility Agreement”), in the total amount of 435 million USD. The extension of Facility C within the existing USD 435 million Facility was arranged by the following banks as Mandated Lead Arrangers and made available by them as Creditors: Banca Comerciala Romana S.A., ING Bank N.V. through ING Bank N.V. Amsterdam – Bucharest Branch and Raiffeisen Bank S.A..

 

UniCredit Bank AG, London Branch acts as a Facility Agent, and UniCredit Bank S.A. plays the roles of Security Agent and Paying Agent.

 

Lending financial institutions were assisted by the international law firm Clifford Chance, through its Bucharest office, Clifford Chance Badea SPRL.

 

The Company together with KMG International N.V., acting on behalf of other Group companies, i.e. KMG Rompetrol S.R.L., Rompetrol Downstream S.R.L, KazMunayGas Trading AG, concluded on April 23, 2021 with, among others, the Creditors who extended the above mentioned facility, namely, ING Bank N.V. through ING Bank NV Amsterdam – Bucharest Branch, Banca Comerciala Romana SA, Raiffeisen Bank S.A. and, respectively, with UniCredit Bank AG, the London Branch as Facility Agent and UniCredit Bank S.A. as Security Agent and Paying Agent a Third Supplemental Agreement (the “Third Supplemental Agreement”) to the Existing Credit Facility Agreement to extend the maturity if Facility C and to reconfirm the guarantees established in relation thereto.

This credit is guaranteed by KMG International N.V. and, regarding facilities A and B, may also be used by other companies such as KMG Rompetrol S.R.L., Rompetrol Downstream S.R.L., KazMunayGas Trading AG. Moreover, to guarantee the Existing Credit Facility Agreement and the Second Supplemental Agreement and any related documents, mortgages are set up on several assets held by KMG International subsidiaries such as fuel distribution stations, warehouses, stocks of petroleum products, trade receivables but also bank accounts. The purpose of this loan is to cover the general needs of borrowers, excluding investment financing. With regard to Credit Facility C, its purpose is in the interest of the activity carried out by the Company, contributes to the Company's success, is to its advantage and is in no way disproportionate to the benefits of concluding the above-mentioned addenda and there is no conflict of interest between the interests of the Company and those of any of its Directors.

KMG International N.V., a wholly owned subsidiary of JSC National Company KazMunayGas, the national company of Kazakhstan, is an integrated oil company with most assets and operations based in Romania and other Southeast European countries.

 

The document will be posted on the RRC website, www.Rompetrol-Rafinare.ro, in the Investor Relations/ Financial Results and Reports/ Current Reports section.

 

Rompetrol Rafinare S.A.

 

General Manager and

Member of the Board of Directors                                      Economic Manager

 

Felix CRUDU-TESLOVEANU                              Ramona-Georgiana GALATEANU

 



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