Conclusion of an annex to a loan agreement by a subsidiary of the Issuer
(Current report No. 35/2022)
Article 17 sec. 1 MAR - confidential information
The Management Board of CCC S.A. (hereinafter: the Issuer) hereby informs of the conclusion today by the Issuer's subsidiary Modivo S.A. (hereinafter: the Company), an annex with Powszechna Kasa Oszczędności Bank Polski S.A. (hereinafter: PKO BP S.A.) with its registered office in Warsaw, 15 Pulawska St., 02-515 Warsaw, to a credit agreement in the form of a multi-purpose credit limit (hereinafter: MCL) dated June 2, 2021, about which the Issuer informed in current reports RB No. 32/2021 dated June 2, 2021 and RB No. 49/2021 dated August 2, 2021.
Until the signing of the MCL annex, which the Issuer reported in current report RB No. 49/2021 dated August 2, 2021, the available limit amounted to PLN 123,200,000 (after taking into account timely repayments), following the signing of this annex, the total limit of the MCL credit agreement was increased to PLN 180,000,000 (fully in the form of the Overdraft). The annex also extended the period for which the limit was granted to November 21, 2023 (previous term: November 21, 2022).
The remaining provisions, of the above-mentioned agreement, have not changed significantly and do not deviate from market conditions for this type of agreement.
The Issuer's Management Board decided to publish the above-mentioned information due to the significant value of the agreement.