Current report no. 17/2021

Conclusion of credit agreements by subsidiaries of the Issuer

(Current report no. 17/2021)

31.03.2021 /Issuer/

Legal basis:
Article 17 item 1 MAR - confidential information

 

The Management Board of CCC S.A. based in Polkowice ("the Issuer") announces that, within the framework of the financial stabilization plan for the CCC Capital Group ("the Group") carried out by the Issuer, the Issuer's subsidiary, CCC Factory Sp. z o.o. concluded with BNP Paribas Bank Polska S.A. (hereinafter: BNP Paribas) based in Warsaw, Kasprzaka Street 2 01-211 Warsaw, the overdraft agreement. Under the agreement, a credit facility up to the limit of PLN 23,214,000 was granted until March 31, 2023. which was covered by a guarantee from the Liquidity Guarantee Fund (FGP), valid until 30 June 2023 , in the amount of PLN 18,571,200.

 

At the same time, an annex to the overdraft agreement was concluded dated
21 October 2019, between BNP Paribas and the Issuer and the Issuer's subsidiary,
about which the Issuer informed in current report no. 55/2019, which reduces the value of the limit of the credit originally granted by the aforementioned amount.

 

The Management Board of the Issuer decided to publish the above information due to the significant value of agreements concluded between BNP Paribas and Group companies.

 

The concluded agreements are the consequence of the strategy pursued and communicated by the Issuer in the field of financing the Issuer's Group. Signing the loan agreements is a component of the announced refinancing of the CCC Group, and the work in this area will continue in the coming weeks.

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