Romanian oil refining and distribution group Rompetrol has signed a US$200mn five-year term loan agreement with four international banks.

Rompetrol is part of the state-owned oil and gas company KazMunayGaz (KMG) in Kazakhstan.

KMG is arranging the deal and providing a corporate guarantee for Rompetrol. UniCredit is acting as sole coordinator and facility agent, and Citi, JP Morgan, RBS and UniCredit are acting as bookrunners and mandated lead arrangers on the deal.

The loan agreement was signed on 29th February and will be used for general corporate purposes. The deal is Rompetrol’s
first syndicated loan in several years and also marks the first syndicated loan for a Romanian borrower this year.

White & Case acted as legal advisor to the banks, while Baker McKenzie acted as legal advisor to the borrower.

Rompetrol is headquartered in Amsterdam with assets and operations in 12 countries, mainly based in Romania, France and South-East Europe. The group has a 25% share of the Romanian fuel market.