The Management Board of Inter Cars S.A. (the Borrower) hereby reports that, on November 29th 2010, two Annexes were signed to the Syndicated Credit Facility Agreement, reported by the Company in Current Report No. 29/2009, dated July 30th 2009.
Under the first of the Annexes, EFG Eurobank Ergasias S.A., Branch in Poland (Polbank), as the Lender, agreed to the Borrower's voluntary early full repayment of its liabilities and RBS Bank (Polska) S.A. agreed to the Borrower's voluntary early partial repayment of its liabilities, while the other Lenders undertook to increase their aggregate commitment under the Credit Facility.
Under the second Annex, the lenders undertook to grant the Borrower, on terms and conditions stipulated in the Agreement, a term loan facility of up to PLN 215,000,000 (two hundred and fifteen million złoty) (Facility A), and each of the Lenders undertook to advance an overdraft facility up to an aggregate amount of PLN 215,000,000 (two hundred and fifteen million złoty) (Facility B).
A material amendment to the Syndicated Credit Facility Agreement is an extension of the final repayment dates - until November 29th 2013 in the case of Facility A and November 24th 2011 in the case of Facility B. In connection with the extension of the final repayment dates, the Borrower has accordingly reviewed the security, which has remained unchanged.
The interest rate applicable to the Syndicated Credit Facility was materially reduced from its previous level, owing to a material reduction of the Lenders' margins.
Par. 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
- Piotr Kraska - Member of the Management Board
- Paweł Pietrzak - Plenipotentiary