Budimex.pl

Current report no 43 / 2019

Date: July 2, 2019 3:26 PM

Amendments to the guarantee limit agreement in Bank Pekao SA and to some other agreements

The Management Board of Budimex SA reports that on 02 July 2019, it was notified by Bank PEKAO SA of the conclusion of an annex to the credit agreement of 12 August 2008, the conclusion of which and amendments to which were reported by Budimex in its current reports: No 47/2008 of 12 August 2008, No 67/2009 of 13 August 2009, No 38/2010 of 4 May 2010, No 54/2011 of 17 June 2011, No 30/2012 of 30 May 2012, No 36/2012 of 3 July 2012, No 27/2013 of 17 April 2013, No 46/2013 of 9 July 2013, No 28/2015 of 15 May 2015, No 40/2015 of 2 July 2015, No 66/2015 of 22 September 2015, No 47/2016 of 6 July 2016, No 50/2017 of 3 July 2017 and No 46/2018 of 3 July 2018.

 

Pursuant to the aforementioned annex, Budimex agreed with the Bank on reducing the guarantee limit by PLN 300,000,000 to PLN 500,000,000. The agreement was in force until the end of June 2019. Under the aforementioned annex, the term of the agreement was also extended until 30 June 2020. Other significant provisions of the agreement will remain unchanged.

 

At the same time, the Management Board of Budimex SA reports that in the recent months, it has agreed to the following increases in the guarantee limits in the following agreements concluded with other financial institutions:

 

- an increase on 26 June 2019 of the guarantee limit by PLN 100,000,000 under the agreement of 1 April 2015 concluded with Powszechna Kasa Oszczędności Bank Polski SA, of which the Company reported in its current reports: No 20/2015 of 8 April 2015, No 63/2015 of 18 September 2015, No 23/2016 of 31 March 2016, No 49/2017 of 30 June 2017 and No 45/2018 of 2 July 2018;

 

- an increase on 8 April 2019 of the guarantee limit by PLN 100,000,000 under the agreement of 28 August 2008 concluded with Towarzystwo Ubezpieczeń Euler Hermes SA, of which the Company reported in its current reports: No 9/2016 of 9 February 2016, No 62/2016 of 12 September 2016, No 63/2017 of 18 August 2017 and No 34/2018 of 4 June 2018;

 

- an increase on 12 September 2018 of the guarantee limit by PLN 200,000,000 under the agreement of 18 May 2009 concluded with STU Ergo Hestia SA, of which the Company reported in its current reports: No 1/2011 of 4 January 2011, No 19/2011 of 22 March 2011, No 9/2012 of 1 February 2012, No 18/2013 of 25 March 2013, No 96/2014 of 3 December 2014, No 36/2016 of 16 May 2016, No 60/2016 of 24 August 2016, No 2/2018 of 1 February 2018 and No 60/2018 of 12 September 2018.

 

The value of the annex concluded with Bank PEKAO SA exceeds the threshold of PLN 109,127 thousand net.

Shareholders
( more )

Shareholdership structure as on 17.05.2019

GPWKNFRespect IndexSEGWIG Budownictwo
I understand

This site uses cookies, so that might work better. Read about cookies at Website Privacy Policy