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7/10/2009 | Debt and interest

Galp Energia signs second part of financing agreement for refineries’ conversion projects

Galp Energia and the European Investment Bank (EIB) sign today a €200 million financing agreement, representative of the second and last part of the financing of the conversion project for both Sines and Porto’s refineries, which totalizes €500 million.

Galp Energia and the European Investment Bank (EIB) sign today a €200 million financing agreement, representative of the second and last part of the financing of the conversion project for both Sines and Porto’s refineries, which totalizes €500 million.

This 16-year term loan includes a three year interest only period and 13 years of reimbursement. The agreement regarding the first part of the loan, in the amount of €300 million, was signed in Lisbon on March 16, 2009.

Galp Energia signs second part of financing agreement for refineries’ conversion projects PDF 39 KB Galp Energia signs second part of financing agreement for refineries’ conversion projects

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