Current report no 82 / 2017

Concluding annexes to the loan agreements

The Management Board of Budimex SA would like to inform that on 20 November 2017, the following banks: Bank Zachodni WBK SA, Credit Agricole Bank Polska SA, Societe Generale SA Branch in Poland and ING Bank Śląski SA informed the company about the conclusion of bilateral loan agreements, under which the banks granted Budimex committed, renewable credit limits securing the company’s financial liquidity for the total amount of PLN 300,000,000 (say: three hundred million zlotys) for the period of 3.5 years.

Under the annex to the loan agreement, conclusion of which the company reported in the current report No 28/2015 of 15 May 2015, Bank Zachodni WBK extended the possible credit term until 31 May 2021 and increased the credit amount to PLN 110,000,000 (say: hundred ten million zlotys). 

Under the annex to the loan agreement, conclusion of which the company reported in the current report No 28/2015 of 15 May 2015, Credit Agricole Bank Polska SA extended the possible credit term until 31 May 2021 and increased the credit amount to PLN 70,000,000 (say: seventy million zlotys).

Under the annex to the loan agreement, conclusion of which the company reported in the current report No 28/2015 of 15 May 2015, Societe General SA Branch in Poland extended the possible credit term until 31 May 2021. The loan amount remains unchanged, i.e. PLN 70,000,000 (say: seventy million zlotys).

Under the annex to the loan agreement, conclusion of which the company reported in the current report No 28/2015 of 15 May 2015, ING Bank Śląski SA extended the possible credit term until 31 May 2021. The loan amount remains unchanged, i.e. PLN 50,000,000 (say: fifty million zlotys).

For using the loans, the company will pay to the banks interest calculated according to the WIBOR base rate plus margin applicable to a given interest period.

To secure the repayment of liabilities under the aforementioned loan agreements, Budimex will submit to the banks a declaration of voluntary submission to enforcement, pursuant to the provisions of Civil Procedure Code.

The remaining terms and conditions of the agreements are standard for the agreements of this type.

The grounds for providing the aforementioned information is conclusion of agreements of the significant total value, exceeding 2% company’s income from sale.