The Management Board of Polenergia S.A. (the “Issuer“), with reference to Stock Exchange Report No. 6/2025 dated 18 February 2025 notifies that on 5 May 2025, the Issuer entered into an annex (the “Annex to RCF“) to the revolving credit facility agreement, pursuant to which the facility, which originally amounted to PLN 300,000,000 (the “RCF Agreement“), will be increased by an additional tranche of PLN 200,000,000 to be made available to the Issuer by Bank Polska Kasa Opieki S.A. (“Pekao“).
The term of the additional tranche is 6 months from the date of execution of the RCF Annex. The additional tranche may be used after the first tranche (PLN 300,000,000) is fully utilized.
The additional tranche was granted with the simultaneous obligation of the borrower to repay it, in whole or in part, with funds raised from refinancing certain projects implemented by the Issuer’s subsidiaries. The purpose of the additional tranche remains the same as for the RCF Agreement.
The provisions of the Annex to RCF do not deviate from market conditions commonly used for this type of agreements. The Annex to RCF stipulates the obligation to fulfill the conditions precedent to the payment of additional tranche which are standard in this type of transaction.
The interest rate on the additional tranche provided under the Annex to RCF will be calculated on the basis of a variable interest rate based on the relevant WIBOR rate plus a margin.
In connection with the Annex to RCF, the Issuer will submit declarations of submission to execution in favor of Pekao, and the amounts secured by registered and financial pledges will be increased.
legal basis: Article 17 section 1 of the Regulation (EU) No. 596/2014 dated 16 April 2014 concerning market abuse (regulation on market abuse) 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. (OJ EU L. of 2014, no 173, page 1 as amended).
Issuer’s Management Board
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