Consortium of Banks Executes an Amendment to the Facilities Agreement of 12 July 2024
(Current Report No. 21/2025)
31.03.2025 /the Issuer/
Legal basis:
Article 17 Section 1 of MAR – inside information
With reference to current report No. 23/2024 of 12 July 2024, the Management Board of CCC S.A. with its registered office in Polkowice (the “Issuer”) announces that:
On 31 March 2025, the Issuer and its selected subsidiaries executed an agreement amending the Facilities Agreement of 12 July 2024 (the “Deed of Amendment”). The Issuer announced the execution of the Facilities Agreement in its Current Report No. 23/2024 dated 12 July 2024. Pursuant to the Deed of Amendment, the lenders agreed to:
- increase the revolving facility granted in the form of reverse factoring and a guarantee by PLN 875,000,000, with the option to further increase it by PLN 425,000,000 (by PLN 1,300,000,000 in total), subject to the satisfaction of certain additional conditions stipulated in the Facilities Agreement, and
- grant a term facility of PLN 200,000,000, amortized over the period ending 1 August 2030, to finance the development of a HalfPrice distribution and warehouse center.
To disburse the increased facility and the additional facility certain conditions precedent to disbursement must be fulfilled that are standard in similar transactions, including the submission to the lenders of standard documents and certificates, an information package, copies of registry records, legal opinions, and the execution and amendment of financing security documents in an agreed form.
The above transaction represents another stage in the Company’s consistently implemented optimization of its financing structure, intended in particular to optimize working capital financing, further reduce financing costs and continue the development of the high-margin HalfPrice concept.