The Management Board of Inter Cars S.A. (the “Company”) announces that on October 30th 2019 an annex was executed to the agreement on term and revolving credit facilities of November 14th 2016 (the “Annex”). The execution of the agreement was announced by the Company’s Management Board in Current Report No. 30/2016 of November 14th 2016, while its amendments were communicated in Current Report No. 30/2017 of September 1st 2017 and Current Report No. 25/2018 of October 29th 2018 (the “Credit Facility Agreement”).
Under the Annex, the lenders agreed to: (1) extend until November 12th 2020 the maturity date of the revolving facilities granted under the Credit Facility Agreement,(2) increase the maximum total amount of the term facilities granted under the Credit Facility Agreement by PLN 28,500,000.00 (twenty-eight million, five hundred thousand złoty), and (3) increase the maximum total amount of the revolving facilities granted under the Credit Facility Agreement by PLN 40,687,500.00 (forty million, six hundred and eighty-seven thousand, five hundred złoty).
The maturity extension of the revolving facilities and the increases of the maximum revolving and term facility limits 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 the constitutional documents, corporate resolutions, tax clearance certificates, and certificates of non-default on other public dues and charges.
Legal basis:
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.
Art. 17.1 of MAR − Inside information
- Krzysztof Soszyński - Vice President of the Management Board
- Piotr Zamora - Member of the Management Board