Conclusion of a loan agreement by the Issuer and a subsidiary

(Current report no. 57/2018)

20.12.2018 /Issuer/

Legal basis:
Article 17 sec. 1 MAR - confidential information

The Management Board of CCC S.A. (hereinafter: the Issuer) informs that today, that is December 20, 2018, the Issuer and the subsidiary of the Issuer, the company CCC.eu Sp. z o.o., received signed copies of the agreement for overdraft credit on December 17, 2018 from mBank S.A. with its registered office in Warsaw at 18 Senatorska Street (hereinafter: the Bank).

Under this agreement, the Bank granted the Issuer and its subsidiary the company CCC.eu Sp. z o.o. (hereinafter: the Borrower), overdraft credit in a total amount not exceeding 150,000,000 PLN for the purpose of current financing of the Borrowers' operations. The Borrowers are authorized to utilize the Loan from December 21, 2018 to November 9, 2020. The loan will bear interest at a variable WIBOR ON rate plus the Bank's margin.

The agreement is secured by: blank promissory notes issued by the Borrowers provided with the bill of exchange declarations as of December 17, 2018; contractual mortgage up to the amount of PLN 225,000,000 on the Issuer's owned developed land property located in Polkowice, at 4 Strefowa Street, that is a plot of land with the registration number 83/22 and a plot of land with the registration number 83/47, for which land property the District Court in Lubin, V Land and Mortgage Register keeps a land and mortgage register KW No. LE1U/00037606/0 and a registered pledge on commercial inventories owned by CCC.eu Sp. z o.o. up to the highest security amount PLN 186,300,000.

Other conditions do not differ from those commonly used for this type of agreements.

The Issuer's Management Board decided to publish the aforementioned information due to the significant value of the contract.