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MESSAGE _ENGLISH VERSION_ |
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RB 7/2026 Execution of a Novation, Amendment and Extension Agreement in
Relation to the Financing Agreement; The Company announces that today it
has entered into a novation, amendment, and extension agreement _the
"Novation Agreement"_ of the financing agreement dated 11 December 2023
_which was disclosed to the market on the same day by means of an Other
Relevant Information announcement with registration number 25747_ _the
"Original Financing Agreement"_ with a
pool of financing entities composed of Bilbao Vizcaya Argentaria, S.A.,
BNP Paribas Bank Polska, S.A., Bank Polska Kasa Opieki S.A., esk
Spoitelna, A.S., Coöperatieve Rabobank, U.A., ING Bank Śląski S.A.,
Powszechna Kasa Oszczędności Bank Polski S.A., Banco Santander, S.A. and
Erste Bank Polska, S.A. _the "Lenders"_, BBVA and ING acting as
sustainability coordinators and Banco Santander as agent.; The Novation
Agreement has been entered into with the purpose of improving the terms
of the Original Financing Agreement, extending its term at a smaller
cost. The main terms and conditions of the Novation Agreement are as
follows:;- the reorganization of the tranches structure of
the Original Financing Agreement, increasing the revolving tranche for
an additional amount of up to 100.000.000 to finance the Group
circulating capital needs;- the
amendment of the amortization schedule of the Original Financing
Agreement, including a two-year grace period from the Novation Agreement
signing date and the extension of the maturity date to 2031.
Additionally, it includes two potential one-year extensions, subject to
the Lenders' approval;- the
reduction of the margin and the amendment of certain covenants and
baskets of the Original Financing Agreement to adjust them to the
Company's business plan; and;- the possibility of
adding one or more additional 'accordion' facilities in several
tranches, for an aggregate amount up to 300.000.000.;The Financing
Agreement, as amended pursuant to the Novation Agreement, remains
subject to compliance with customary undertakings for this type of
transactions _including the maintenance of certain financial ratios_ and
benefits from guarantees granted by certain companies within the
Group.;The conditions precedent to which the Novation Agreement is
subject have been satisfied, except with respect to certain fund
transfers required to be made thereunder, which are expected to be
completed before the end of this week.; Legal act: Art. 5 Sec. 1 _b_ of
Regulation _EU_ No 596/2014 of The European Parliament and of The
Council of 16 April 2014 on market abuse _MAR_ and repealing Directive
2003/6/EC of the European Parliament and of the Council and Commission
Directives 2003/124/EC, 2003/125/EC and 2004/72/EC
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RB-W: Zawarcie umowy nowacji, zmiany i przedłużenia umowy finansowania
