Decision by CCC Shoes & Bags sp. z o.o. to early redeem all Series A bonds
(Current Report No. 37/2024)
28.11.2024 (Issuer)
Legal basis:
17(1) of MAR – Inside information
Further to Current Report No. 62/2021 of 22 September 2021 (Issue of Series A Bonds by CCC Shoes & Bags sp. z o.o.) and Current Report No. 23/2024 (Conclusion of a loan agreement with a bank syndicate for new financing of the Company and its subsidiaries), CCC S.A. of Polkowice (the “Company”) announces that on 28 November 2024 the Management Board of CCC Shoes & Bags spółka z ograniczoną odpowiedzialnością of Polkowice, a subsidiary of the Company (the “Subsidiary”), passed a resolution to exercise the call option over all Series A bonds (ISIN code: PLO359700013) issued by the Subsidiary (the “Bonds”), i.e. to early redeem 350 Bonds with a par value of PLN 1,000,000.00 per Bond and a total nominal value of PLN 350,000,000.00.
The Bonds will be redeemed and interest payments will be made to the bondholder on 31 December 2024.
The redemption of the Bonds will be financed or refinanced with proceeds of the term loan granted to the Company under the syndicated bank loan agreement, as announced in Current Report No. 23/2024.