Conclusion of the Term Sheet of bank financing for the amount of PLN 250,000,000 with institutions financing the CCC Capital Group
(Current report no. 59/2020)
15.09.2020 /The Issuer/
Art. 17 sec. 1 MAR - confidential information
The Management Board of CCC S.A., based in Polkowice (hereinafter: "The Issuer"), referring to to the current report no. 24/2020 of 24 April 2020, hereby informs today about concluding Term Sheet a revolving credit agreement up to the amount of 250.000.000,00 PLN with the institutions financing the CCC Capital Group (hereinafter: "CCC Group"), i.e.: Bank Handlowy in Warsaw S.A., Bank Millennium S.A., BNP Paribas Bank Polska S.A., Bank Polska Kasa Opieki S.A., mBank S.A., Powszechna Kasa Oszczędności Banki Polski S.A. and Santander Bank Polska S.A.
The function of Credit and Collateral Agent will be performed by mBank S.A.
The credit granted by the institutions financing the CCC Group will be available for a period of
24 months from the date of concluding the Agreement. The loan shall be secured by a surety up to PLN 200,000,000 (80% of the financing commitment) granted by Bank Gospodarstwa Krajowego ("BGK"). The credit will also be secured by a pledge on selected assets of the Issuer and the surety of CCC Group entities. The credit will be made available on the basis of an agreement on common terms of financing ("Agreement") defining the common terms for bilateral loans guaranteed by BGK granted by the lenders under the terms set forth in the Agreement.
The Issuer will inform about the conclusion of the Agreement in a separate report.
The loan secured by guarantees from Bank Gospodarstwa Krajowego will be another element of stabilizing the financial situation of the CCC Group, announced earlier, in response to the negative impact of the coronavirus pandemic on the Issuer's operations.
1/ Marcin Czyczerski - President ofthe Management Board
2/ Karol Półtorak - Vice-President ofthe Management Board