Budimex.pl

Current report no 62 / 2016

Date: September 12, 2016 11:12 AM

Annexe to the agreement on the provision of contractual guarantees concluded with Euler Hermes SA

rb/bx/62/2016

 

The Management Board of Budimex SA announces that on 12 September 2016, Budimex SA signed an annexe on the provision of contractual guarantees under the revolving limit to the agreement of 28 August 2008 concluded with Towarzystwo Ubezpieczeń Euler Hermes SA, of which the Company notified recently in the Current Report No 09/2016 dated 9 February 2016.

 

Pursuant to the annexe, the amount of the limit to which the Company may instruct Towarzystwo to issue contractual guarantees was raised from PLN 161,000,000 to PLN 220,000,000. Other terms and conditions remain unchanged, i.e. the agreement is concluded for an indefinite period, and 10 blank promissory notes with promissory note declarations secure the payment of Budimex liabilities under the agreement.

 

The value of the agreement concluded with Towarzystwo Ubezpieczeń Euler Hermes SA exceeds the threshold of PLN 102,680 thousand.

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