Text of the report

The Management Board of Inter Cars S.A. (the “Company”) announces that on October 29th 2018 an annex to the agreement on term and revolving credit facilities of November 14th 2016 (the “Annex”) was signed. The Company’s Management Board announced the agreement in Current Report No. 30/2016 of November 14th 2016 and the amendments thereto in Current Report No. 30/2017 of September 1st 2017 (the “Credit Facility Agreement”).

 

Under the Annex, the lenders agreed to: (1) postpone until November 14th 2021 the maturity date of the term credit facilities granted under the Credit Facility Agreement, (2) postpone until November 14th 2019 the maturity date of the revolving credit facilities granted under the Credit Facility Agreement, (3) increase the maximum total amount of the term credit facilities granted under the Credit Facility Agreement by PLN 37,000,000.00 (thirty-seven million), and (4) increase the maximum total amount of the revolving credit facilities granted under the Credit Facility Agreement by PLN 63,000,000.00 (sixty-three million).

 

The postponements and the increases will take effect after Inter Cars S.A. and the Company’s subsidiaries, parties to the Credit Facility Agreement, fulfil the conditions precedent provided for in the Annex. The conditions precedent include delivery of documents stipulated in the Annex, such as copies of constitutional documents, corporate resolutions, financial statements, tax clearance certificates, and certificates of non-default on other public dues and charges.

 

Article 17.1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the MAR) - inside information.

 

 

Legal basis

Art. 17.1 of MAR − Inside information 

 

 

Persons representing the Company

  • Piotr Zamora- Member of the Management Board
  • Jacek Piotrowiak - Commercial proxy

 

back