Current report no. 18/2021

Conclusion of credit agreements by subsidiaries of the Issuer

(Current report no. 18/2021)

01.04.2021 /Issuer/

Legal basis:
Article 17 item 1 MAR - confidential information

 

 

The Management Board of CCC S.A. based in Polkowice ("Issuer") announces that today, a subsidiary of the Issuer, CCC.eu Sp. z o.o. based in Polkowice, received a signed annex to the agreement on multi-purpose credit limit of 15 October 2014 with Bank Polska Kasa Opieki Spółka Akcyjna (hereinafter: Bank Pekao S.A. ) based in Warsaw, at Grzybowska Street 53/57, about which the Company informed in the current report CR No. 51/2014 of 16 October 2014.

 

On the basis of this annex, Bank Pekao S.A. extended the credit limit in the amount of PLN 92,153,750
until 9 March 2023. The credit limit is legally secured with a Guarantee from the Liquidity Guarantee Fund (hereinafter: FGP) valid until 9 June 2023. in the amount of PLN 73,723,000

 

The other provisions have not materially changed and do not deviate from market conditions for this type of agreement.

 

At the same time, the Company announces that between Bank Pekao SA and the Issuer's subsidiary, the company CCC Factory Sp. z o.o. based in Polkowice, was concluded overdraft agreement, under which the Bank granted a loan in the amount of 6,892,650 PLN, with a deadline of 9 March 2023, whose repayment was also secured by the Guarantee of the FGP with the deadline until 9 June 2023 The loan was granted in the amount of PLN 5,514,120.

 

The Issuer's Board decided to publish the above information due to the significant value of contracts concluded between Bank Pekao S.A. and CCC Capital Group entities.  

 

The agreements concluded are a consequence of the strategy pursued and communicated by the Issuer to stabilise the financing of the Issuer Group.

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