The Management Board of Inter Cars S.A. (the “Company”) announces that on December 7th 2023 an annex (the “Annex”) was signed to the agreement on term and revolving credit facilities of November 14th 2016, whose execution was announced by the Company’s Management Board in Current Report No. 30/2016 of November 14th 2016 and amendments to which were communicated in Current Report No. 30/2017 of September 1st 2017, Current Report No. 25/2018 of October 29th 2018, Current Report No. 27/2019 of October 30th 2019, Current Report No. 22/2020 of November 4th 2020, Current Report No. 21/2021 of November 5th 2021, Current Report No. 15/2022 of May 27th 2022, Current Report No. 30/2022 of November 7th 2022, Current Report No. 33/2022 of November 25th 2022, and Current Report No. 29/2023 of November 28th 2023 (the “Credit Facility Agreement”).
Under the Annex, the lenders agreed to:
- extend until November 30th 2026 the maturity date of the term facility granted under the Credit Facility Agreement and increase the maximum total amount of the term facilities granted to PLN 994,814,000 (nine hundred and ninety-four million, eight hundred and fourteen thousand złoty);
- extend until November 29th 2024 the maturity date of the revolving facilities granted under the Credit Facility Agreement and increase the maximum total amount of the revolving facilities granted under the Credit Facility Agreement to PLN 1,549,373,500 (one billion, five hundred and forty-nine million, three hundred and seventy-three thousand, five hundred złoty).
- incorporate certain sustainability linked-loan provisions, including sustainability performance targets defined in the Annex (Key Performance Indicators, KPIs), the achievement of which may affect the level of margins under the Credit Facility Agreement, in accordance with the relevant provisions of the Annex.
The maturity extension of the term and revolving credit facilities, as well as the increase of the maximum total amounts of the term and revolving credit facilities as stated above, 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 (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