The Management Board of Polenergia S.A. (the “Issuer“), informs that in order to mitigate the risk of EURIBOR-based interest rate volatility associated with the planned financing of the Bałtyk II and Bałtyk III offshore wind farm projects (the “Projects“) being developed by MFW Bałtyk II sp. z o.o. and MFW Bałtyk III sp. z o.o., respectively (“Project Companies“), as well as to mitigate the risk of volatility of future cash flows affecting Polenergia Group’s financial performance, the Project Companies entered into Deal Contingent Hedge transactions on 16-24 April 2025. These are interest rate hedging instruments of a contingent nature, the realization of which is subject to the fulfillment of the conditions precedent required to trigger the financing of future investment projects, i.e. the Projects.
In total, the transactions hedge about 90% of the Project Companies’ planned exposure to EURIBOR-based interest rate volatility.
The transactions were made on arm’s length basis, which do not differ from those commonly used for this type of financial operations.
legal basis: Article 17 section 1 of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council on market abuse and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.
Issuer’s Management Board
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