Conclusion of credit agreements by subsidiaries of the Issuer
(Current report no. 38/2021)
Article 17 sec. 1 of MAR - confidential information
The Management Board of CCC S.A. based in Polkowice ("the Issuer") announces that today, a subsidiary of the Issuer - CCC.eu Sp. z o.o. based in Polkowice, received a signed contract for revolving credit under the portfolio guarantee line of the Liquidity Guarantee Fund (LGF), concluded with Bank Handlowy w Warszawie Spółka Akcyjna (hereinafter: "the Bank"). The credit amounts to PLN 79,060,000.00 (in words: seventy-nine million and sixty thousand zloty).
In addition, today the Issuer's subsidiary - CCC Factory Sp. z o.o. based in Polkowice, received a signed contract for credit in the current account under the portfolio guarantee line of the Liquidity Guarantee Fund concluded with the Bank. The amount of credit is 5,853,000.00 PLN (say: five million eight hundred fifty-three thousand zlotys).
The Bank undertook to make the credits available from the date of the first availability of funds under the syndicated loan granted in performance of the Loan Agreement of 2 June 2021 for CCC S.A. organised by BNP PARIBAS BANK POLSKA S.A., BANK HANDLOWY W WARSZAWIE S.A., BANK MILLENNIUM S.A., BANK POLSKA KASA OPIEKI S.A., MBANK S.A., POWSZECHNĄ KASÊ OSZCZĘDNOŚCI BANK POLSKI S.A. AND SANTANDER BANK POLSKA S.A. with MBANK S.A. as Agent and BANK POLSKA KASA OPIEKI S.A. as Collateral Agent.
CCC.eu Sp. z o.o. and CCC Factory Sp. z o.o. are obliged to repay the credits together with all the amounts due to the Bank under the loan agreements by 31 May 2023 at the latest.
Repayment of loans was secured by a Guarantee from LGF with the term of validity until 31 August 2023, up to the amount of PLN 63,248,000. for CCC.eu Sp. z o.o. and to the amount of 4,682,400 PLN for CCC Factory Sp. z o.o.
The Issuer's Management Board decided to publish the above information due to the significant value of contracts concluded between Bank Handlowy w Warszawie Spółka Akcyjna and CCC Capital Group entities.
The agreements concluded are a consequence of the strategy pursued and communicated by the Issuer to stabilise the financing of the Issuer Group.
1/ Karol Półtorak - Vice-President of the Management Board
2/ Hanna Kamińska - Proxy