Conclusion of credit agreements by subsidiaries of the Issuer
(Current report no. 36/2021)
14.06.2021 /Issuer/
Legal basis:
Article 17 sec. 1 MAR - confidential information
The Management Board of CCC S.A. based in Polkowice ("the Issuer") announces that today, subsidiaries of the Issuer, CCC.eu Sp. z o.o. based in Polkowice and CCC Factory Sp. z o.o. based in Polkowice has received signed contracts for revolving credit with mBank SA based in Warsaw, Prosta St. 18 on the following terms:
a/ CCC.eu Sp. z o.o., concluded a revolving credit agreement, under which the Bank granted a loan in the amount of 45,977,500 PLN, with a validity date of the limit until 2 March 2023, whose repayment was secured by a Guarantee from FGP with a validity date until 2 June 2023, in the amount of 36,782,000 PLN.
b/ CCC Factory Sp. z o.o., concluded a revolving credit agreement, under which the Bank granted a credit in the amount of 3,545,700 PLN, with a maturity date of the limit until March 2, 2023, whose repayment was secured by a Guarantee from FGP with a validity date of June 2, 2023, in the amount of 2,836,560 PLN.
At the same time, the Issuer announces that it received, together with its subsidiary CCC.eu Sp. z o.o., a signed annex to the overdraft agreement of 17 December 2018 with mBank S.A., about which the Company informed in the current report RB No. 57/2018 of 20 December 2018.
On the basis of this annex, mBank S.A. reduced the amount of the overdraft to the amount of PLN 100,476,800 for CCC S.A. and CCC.eu Sp. z o.o. from 15 June 2021.
The remaining provisions have not changed significantly and do not differ from the market conditions for this type of agreements.
The Issuer's Management Board decided to publish the above information due to the significant value of contracts concluded between mBank SA and the entities of the CCC Capital Group.
The concluded agreements are a consequence of the strategy pursued and communicated by the Issuer regarding the stabilization of the financing of the Issuer's Group.
Signatures:
1/ Karol Półtorak - Vice President of the Board
2/ Hanna Kamińska - Proxy