The signing of a significant agreement (Current report no. 48/2013 )
10.10.2013 / The issuer /
Legal basis :
Article 56 item 1 point 2 of the Act on Public Offering - current and periodic information.
The Management Board of CCC S.A. informs that on 9th October 2013 The company has signed an agreement of a multipurpose credit line with Bank Polska Kasa Opieki S.A., hereinafter referred to as the Bank, based in Warsaw, Grzybowska Street 53/57. The subject of the agreement is the credit limit to the total amount of 105.000.000,00 PLN (in words: one hundred and five million zloty 00/100), to be used to finance the Company's operations. Under the agreement, the Bank provides the Company with the limit in the form of an overdraft facility up to a total amount not exceeding 100,000,000.00 PLN as well as in the form of bank guarantees up to a total amount not exceeding 5,000,000.00 PLN.
The Limit will bear interests based on a variable interest rate WIBOR plus a bank margin. The Limit is granted until 8th October 2015, and the validity period of the proposed Guarantee does not exceed 30th September 2016.
The agreement is secured with: contractual mortgage to the amount of PLN 100,000,000.00 on the ownership title entitled by an affiliated entity ( CCC Factory Sp. z o.o. ) within the parcel of land located in Polkowice, for which the District Court in Lubin, V Department of Land and Mortgage Registry, holds the land register of a number KW LE1U/00049122/0 and a statement on submission of execution up to the amount of 126,000,000.00 PLN pursuant to Art. 97 of the Banking Law with the possibility of the Bank to grant bank writ of execution enforceable until 8th October 2018.
Other conditions do not differ from those commonly used for this type of agreement.
The criteria for the agreement to be regarded significant is the amount of equity.
The involvement of the Bank Polska Kasa Opieki S.A. accounts for PLN 105,000,000.00.