Raport numer: 23/2022
The Management Board of Boryszew S.A. (Company, Issuer) advises that on 23 May 2022 Boryszew Maflow Spółka z o.o. and Mafmex S de R.L. de C.V., subsidiaries, (Borrowers) signed non-revolving loan agreement with BNP Paribas Bank Polska S.A. for the amount of approximately USD 21.6 million to be used for the purchase of machines and equipment necessary for execution of contracts with customers in the automotive industry in Mexico.
The collateral for repayment of the aforementioned loan includes:
- Insurance policy of KUKE S.A. up to 100% of the loan.
- Assignment of receivables under concluded contracts;
- Declarations (of Borrowers 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 32.4 and corporate guarantee of the Issuer up to the amount of USD 27 million.
The agreement will remain in force until end of June 2028. The loan interest rate was determined at SOFR 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.