The Management Board of Inter Cars S.A. of Warsaw (“Company”) announces that on November 16th 2015 an annex (“Annex”) was signed to the syndicated credit facility agreement of July 29th 2009 (“Facility Agreement”), which was reported by the Company in Current Report No. 29/2009 of July 30th 2009.
Under the Annex, the total amount of the available funds was raised to PLN 653m, by increasing the amount of the overdraft facility B to PLN 383m. Pursuant to the Annex, the lenders agreed to extend the final repayment date of the overdraft facility B by one year, i.e. until November 18th 2016. The facilities bear interest at an interest rate being the sum of the relevant WIBOR, EURIBOR or LIBOR rate and a margin. Another company of the Group, namely Sabiedriba ar ierobezotu atbildibu “Inter Cars Latvija” of Riga, Latvia, has acceded to the Facility Agreement as a co-debtor.
In connection with the changes outlined above, the related security has also been amended to reflect the increase of the facility amount and the extension of the final repayment date of the overdraft facility B.
Legal basis:
Art. 56.1.2 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies of July 29th 2005, and Section 5.1.3 of the Minister of Finance’s Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated February 19th 2009.
Art. 56.1.2 of the Public Offering Act – Current and periodic information
- Wojciech Twaróg - Member of the Management Board
- Piotr Zamora - Commercial proxy