Information on partial additional reduction of credit debt
(Current Report No. 50/2023)
Article 17 (1) MAR - confidential information
The Management Board of CCC S.A. based in Polkowice (the "Issuer") announces that on August 31, 2023, a partial additional reduction of credit debt to the consortium consisting of: mBank S.A. (agent), Bank Polska Kasa Opieki S.A. (collateral agent), Bank Handlowy w Warszawie S.A., Bank Millennium S.A., BNP Paribas Bank Polska S.A., Bank Polska Kasa Opieki S.A., mBank S.A., Powszechna Kasa Oszczędności Bank Polski S.A., Santander Bank Polska S.A. and Santander Factoring sp. z o.o., as well as to Bank Handlowy w Warszawie S.A. under a bilateral agreement for guaranteed loan debt under the PLG-FGK BGK Crisis Guarantee Fund portfolio guarantee line.
The total reduction in credit limits on August 31, 2023, agreed upon as part of the early repayments amounted to PLN 64,333,513.00. This is the next stage of the Issuer's previously announced debt reduction plan.
If credit limits reduced as a result of additional early reduction are not fully restored or renewed within 60 days from the date of reduction (the deadline set forth in para. 17 item (f) of the "Terms and Conditions of Issuance of Registered Bonds with the Possibility of Transfer to the NDS Depository, drawn up in Polkowice on June 21, 2018" (the "Terms and Conditions of Issuance"), relating to the Series 1/2018 Bonds (the "Bonds"), the Issuer will announce, within the deadline specified in par. 13.3 of the Terms of Issue for the early redemption of the Bonds (the "Pari Passu Redemption"). The number of Bonds subject to Pari Passu Redemption, as well as the information specified in par. 17 (f) of the Terms of Issue, necessary for calculating the number of Bonds subject to Pari Passu Redemption, will be provided in the announcement of Pari Passu Redemption.