Current report No. 60/2023

Information on partial additional debt reduction

(Current Report No. 60/2023)

30.11.2023 /Issuer/

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

The Management Board of  CCC S.A. based in Polkowice (the "Issuer") hereby announces a partial additional reduction of debt to financing institutions on November 30, 2023.

The total debt reduction agreed under the early repayments amounted to PLN 160,000,000.00, including reduction of credit limits amounted to PLN 114,929,064.96.

The reduction in debt represents the last scheduled stage of deleveraging the CCC Group by a total of PLN 320,000,000 in 2023, which the Issuer announced in current report No. 39/2022 (Signing of an annex to the Loan Agreement of June 2, 2021, and bank financing agreements with the CCC Group's financing institutions).

The Group's deleveraging implemented through 2023 is part of the process leading to the to the planned refinancing of the CCC Group's debt.

In the event that the credit limits reduced as a result of the 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.

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