The Management Board of Inter Cars S.A. of Warsaw (“Company”) announces that on November 18th 2014 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 550m, by increasing the amount of the term facility A by PLN 55m. Pursuant to the Annex, the lenders agreed to postpone the final repayment date of the term facility A of up to PLN 270m by three years (until November 18th 2017) and the final repayment date of the overdraft facility B of up to PLN 280m by one year (until November 18th 2015). 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 UAB INTER CARS LIETUVA of Vilnius, Lithuania, has acceded to the Facility Agreement as a co-debtor.
In connection with increasing the amounts and postponing the final repayment dates of the facilities, the related security has also been amended, including by executing agreements on creation of registered pledges over additional bank accounts.
Art. 56.1.2 of the Public Offering Act – Current and periodic information
- Krzysztof Soszyński - Vice-President of the Management Board
- Piotr Zamora - Commercial proxy
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