April 26 (SeeNews) - Croatian oil and gas company INA [ZSE:INA-R-A] said on Wednesday it has prolonged the maturity of a $300 million (275.4 million euro) long-term multi-currency revolving credit facility agreement, originally signed in 2015.
The maturity of the credit facility is three years with an option of 1+1 year extension, INA said in a filing with the Zagreb bourse.
"By exercising the option of prolonging the maturity of the credit facility agreement by an additional year, domestic and international banks have both reconfirmed that INA is a respectable partner on the financial market," the oil and gas company said.
In December 2015, INA said it had agreed the credit facility on the domestic and international markets and planned to use the funds for general corporate purposes.
($=0.917856 euro)