Bloomberg News

Poland’s PKN Orlen Said to Obtain $403 Million One-Year Loan

March 29, 2012

PKN Orlen SA (PKN), Poland’s largest oil refiner, obtained a $403 million loan, according to a person with direct knowledge of the deal.

The one-year deal is secured by one of the company’s oil storage facilities, the person said, who declined to be identified because the terms are private.

Royal Bank of Scotland Plc was sole bookrunner and arranger on the deal which also involved HSBC Bank Plc, Bank of Tokyo- Mitsubishi UFJ Ltd and Bank Pekao SA. (PEO)

To contact the reporter on this story: Louise Meeson in London on lmeeson@bloomberg.net.

To contact the editor responsible for this story: Faris Khan at Fkhan33@bloomberg.net.


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