Lotos prolongs $400 mln loan

Grupa Lotos have signed an annex to a loan contract with a consortium of lenders for the financing and refinancing part of its fuel and oil crude supplies, a company press release read. The loan, worth $400 million, was prolonged to December 20, 2016. The agreement regards some 65 percent of obligatory supplies and approximately 35 percent of commercial supplies. The contract was signed with following lenders: Pekao, mBANK, ING Bank Śląski, Societe Generale, BZ WBK and Bank Handlowy.