Extension of credit financing of the Issuer's subsidiary
(Current report No. 42/2025)
27.05.2025 /the Issuer/
Legal basis:
Article 17 sec. 1 MAR - confidential information
CCC S.A. with its registered office in Polkowice (hereinafter referred to as the "Issuer"), with reference to current report No. 36/2025 of April 29, 2025, hereby informs that the Issuer's Management Board received information about the signing on May 27, 2025 by the Issuer's subsidiary, Modivo S.A. with Bank Polska Kasa Opieki S.A., loan documentation extending the availability period of the multi-purpose credit line from October 26, 2017, to a total amount of PLN 260,000,000.00 for a further period, i.e., until:
1) April 29, 2026, provided that confirmation of the redemption of the convertible bonds acquired by SVF II Motion Subco (DE) LLC (hereinafter "Softbank") is delivered to the Bank,
2) February 26, 2026, in the absence of confirmation of the redemption of the convertible bonds acquired by Softbank before that date,
while maintaining the existing material financing terms.
The extended credit line will be used to finance Modivo S.A.'s ongoing operations in the form of: an overdraft facility, a limit for guarantees and letters of credit in Polish zloty, EUR, and USD, import letters of credit with a maximum validity period and deferred payment until the effective date of the amendment, and bank guarantees securing liabilities arising from Modivo S.A.'s ongoing operations (including liabilities of entities belonging to the Issuer's capital group), excluding guarantees securing repayment of liabilities to banks and financial institutions, with a validity period until the effective date of the amendment. Individual credit products may be disbursed up to the amount of the extended credit line, in accordance with Modivo S.A.'s needs.