Current report no: 18/2022
The Management Board of Boryszew S.A. (Company, Issuer) advises that on 29 April 2022, Boryszew Maflow Spółka z o.o., a subsidiary, (Borrower) signed a non-revolving loan agreement with BNP Paribas Bank Polska S.A. for the amount of approx. EUR 19.5 million to be used for the purchase of machines and equipment necessary for execution of contracts with customers in the automotive industry.
The collateral for repayment of the aforementioned loan includes:
- Insurance guarantee from KUKE S.A. up to 80% of the loan amount;
- Registered pledge on machinery and equipment subject to financing up to the maximum security amount of EUR 24.4 million.
- Declarations (of the Borrower and the Issuer, respectively) on submission to enforcement under art. 777 sec. 1 point 5 of the Code of Civil Procedure up to the amount of USD 29.3 million and corporate guarantee of the Issuer up to the amount of EUR 24.4 million.
The agreement will remain in force until end of June 2028.
The loan interest rate was determined at EURIBOR 3M plus the Bank’s margin. The remaining terms of the Agreement are not different from standard provisions in this type of agreements.
Legal attitude: Article 17 section 1 MAR – Confidential information.
Signatures:
Wojciech Kowalczyk – President of the Management Board
Translation from the original Polish version.
In the event of differences resulting from the translation, reference should be made to the official Polish version.