Execution of an agreement with the bank syndicate amending the Loan Agreement of 12 July 2024

(Current Report No. 38/2024)

17.12.2024 (Issuer)

Legal basis:
17(1) of MAR – Inside information

Further to Current Report No. 23/2024 of 12 July 2024, the Management Board of CCC S.A. of Polkowice (the “Company”) announces that: 

On 17 December 2024, the Company and its selected subsidiaries executed an agreement amending the loan agreement of 12 July 2024. (the “Amendment Agreement”), as announced by the Company in Current Report No. 23/2024 of 12 July 2024. Under the Amendment Agreement, the existing lenders agreed to grant the existing borrowers a term loan of PLN 360,000,000 amortised over the period until 30 July 2029, available for the redemption of PFR bonds scheduled for 31 December 2024 (see Current Report No. 62/2021 of 22 September 2021 and Current Report No. 37/2024 of 28 November 2024).

The additional loan will be disbursed subject to fulfilment of standard conditions precedent to disbursement in such transactions, including delivery to the lenders of customary documents and certificates, an information package, copies of entries in the relevant registers and opinions from legal advisors, as well as the execution of financing security documents in an agreed form.

The transaction represents another step in optimising the financing structure, resulting in a significant reduction of debt service costs.