Conclusion by Modivo S.A. of a loan agreement for the provision of financing up to PLN 660,000,000 with UniCredit S.p.A. for the redemption of bonds issued for SoftBank and a related annex to the loan agreement with Powszechna Kasa Oszczędności Bank Polski S.A.
(Current report no. 45/2025)
04.06.2025 /Issuer/
Legal basis:
Article 17 sec. 1 MAR - confidential information
The Management Board of CCC S.A. with its registered office in Polkowice ("CCC" or the "Issuer") hereby announces that on June 3, 2025, Modivo S.A. with its registered office in Zielona Góra ("Modivo"), a subsidiary of CCC, concluded a credit agreement ("Credit Agreement") regarding the granting by UniCredit S.p.A. financing for Modivo in the form of a term loan of up to PLN 660,000,000 amortized over 5 years (the “Loan”) intended for the full early redemption, along with interest, of bonds with a total nominal value of PLN 500 million, issued by Modivo on October 5, 2021 and acquired by SVF II Motion SubCo (DE) LLC, an entity from the SoftBank Group, referred to in Current Report No. 43/2021 dated July 2, 2021, Current Report No. 44/2021 dated July 2, 2021, Current Report No. 64/2021 dated October 5, 2021 and Current Report No. 58/2023 dated November 24, 2023.
The guarantor of Modivo's obligations as a borrower under the Loan Agreement is CCC.
The disbursement of the Loan requires the fulfillment of standard conditions precedent to disbursement in transactions of this type, including the provision of standard documents and certificates to the lender, an information package, extracts from registers, opinions of legal advisors and the conclusion of financing security documents in an agreed form.
The conclusion of the Credit Agreement with UniCredit is the last element of the consistently implemented debt refinancing program of the Issuer's capital group, aimed at optimizing the financing structure and significantly reducing the costs of debt.
Furthermore, the Issuer’s Management Board was informed that on 3 June 2025 Modivo and Powszechna Kasa Oszczędności Bank Polski S.A. (“PKO”) signed an annex to the multi-purpose credit limit agreement of 2 June 2021, with the amendments announced by the Issuer in Current Report No. 32/2021 of 2 June 2021 and subsequent reports, concerning PKO’s consent to conclude a Credit Agreement with UniCredit S.p.A.