Published May 21, 2015

Ad hoc report - OMV Petrom contracts EUR 1 billion revolving credit facility

In compliance with Capital Markets Law no. 297/2004 and Regulation no.1/2006 of NSC

Date of report: May 21, 2015
Name of issuer: OMV Petrom S.A.
Headquarters: Bucharest, Coralilor nr. 22, sector 1
Telephone/fax number: +40 372 160697/ +40 372 868518
Sole registration number at the Trade Register Office: 1590082
Fiscal attribute: R
Trade Register Number: J 40/8302/1997
Share capital: 5,664,410,833.5 RON
Regulated market on which the issued shares are traded: Bucharest Stock Exchange

Significant events to be reported:

OMV Petrom contracts EUR 1 billion revolving credit facility

The EUR 1 billion multi-currency credit line replaces a similar facility contracted in November 2011, which amounted to EUR 930 million, with maturity in 2016
The amount of the new credit facility was significantly oversubscribed, demonstrating the solid financial position of the company

OMV Petrom, the largest oil and gas producer in South-Eastern Europe, contracted a multi-currency credit line amounting to EUR 1 billion from a syndicate of 17 banks. The new facility is replacing the syndicated loan facility contracted in November 2011 which was not used on the date of contracting the new loan. The new credit line has 5 years maturity and can be extended for 2 more consecutive years.

"We refinanced the credit line contracted in 2011 before its final maturity in order to benefit from the current favourable developments of financial markets. Extending the maturity of the financing program allows OMV Petrom to maintain a solid financial position in a challenging crude price environment. The fact that the loan was oversubscribed in a relatively short timeframe is a confirmation of OMV Petrom’s credibility on the financial markets", says Andreas Matje, CFO OMV Petrom.

OMV Petrom started the refinancing procedures having BRD – GROUPE SOCIÉTÉ GÉNÉRALE S.A., SOCIÉTÉ GÉNÉRALE S.A. and UNICREDIT BANK AUSTRIA AG as Coordinating Mandated Lead Arrangers.

The bank syndicate which contributes to financing includes a total number of 17 Romanian and international banks.

The final transaction was concluded for the amount of EUR 1 billion, which OMV Petrom will use, when needed, to finance current operations.

Mariana Gheorghe
Chief Executive Officer

Andreas Matje
Chief Financial Officer