Reconciliation of the Term Sheet for changes in financial ratios to the Credit Agreement dated 2nd June 2021 with the CCC Group's financing institutions
(Current Report No. 28/2022)
Article 17 sec. 1 MAR - confidential information
The Management Board of CCC S.A. with its headquarter in Polkowice (hereinafter: "the Issuer") hereby informs of the agreement today on the Term Sheet (hereinafter: "Term Sheet"), concerning the amendment of the credit agreement concluded on June 2, 2021, referred to in current report No. 32/2021 dated June 2, 2021. The Term Sheet was agreed with the CCC Group's financing institutions, i.e. Bank Handlowy w Warszawie S.A., Bank Millennium S.A., BNP Paribas Bank Polska S.A., Bank Polska Kasa Opieki S.A., mBank S.A. (acting as agent), Powszechna Kasa Oszczędności Bank Polski S.A., Santander Bank Polska S.A. and Santander Factoring S.A.
The Annex to the Credit Agreement, dated June 2, 2021, to be concluded on the basis of the Term Sheet (hereinafter: "Annex"), will introduce changes to the financial ratios tested in accordance with the wording of the agreement and changes to the testing dates of the financial ratios. Conclusion of the Annex will require obtaining relevant approvals from credit committees.
The changes to the indicators agreed upon in the Term Sheet are the same as the changes to the indicators agreed upon in the term sheet for amendments to the CTA Extension Agreement, which the Issuer announced in Current Report No. 27/2022 dated October 10, 2022.
The Issuer has convened a Bondholders' Meeting for October 24, 2022 (Current Report No. 26/2022 September 30, 2022), at which it plans to amend the "Terms and conditions of issuance of bonds registered on record with the possibility of transfer to the NDS depository, drawn up in Polkowice on June 21, 2018," applicable to the Series 1/2018 bonds by adjusting the ratios adopted in the bond issue terms and conditions to the ratios agreed in the Term Sheet and in the term sheet of amendments concerning the CTA Extension Agreement, which the Issuer announced in Current Report No. 27/2022 dated October 10, 2022.