AC SA (16/2018) Conclusion of a multi-purpose credit limit agreement with PKO BP S.A.

AC S.A. with its registered office in Białystok (hereinafter referred to as the "Company") informs that on 27/04/2018 the Company concluded a Multi-Purpose Credit Limit Agreement, hereinafter referred to as the "Agreement", with PKO BP S.A. with its registered office in Warsaw (hereinafter referred to as "the Bank"), according to which: 1. The Bank will provide the Company with a multipurpose credit limit in the amount of PLN 30,000,000 in the form of a current account loan (up to PLN 18,000,000) and revolving operating loan (up to PLN 12,000,000) for the period from April 30, 2018 to April 29, 2021 in PLN, EUR, USD currencies to finance current operations. 2. The interest rate of the granted limit is based on the WIBOR 1M rate + the Bank's margin (for loans in PLN), EURIBOR 1M / LIBOR 1M + the Bank's margin (for loans in EUR or USD). 3. The collateral for all liabilities of the Company in respect of loans granted and other obligations under the Agreement will be as follows: a) blank promissory note issued by the Company with a promissory note declaration, b) contractual mortgage up to PLN 45,000,000, entered in the first place, on a developed property located in Białystok at ul. Handlowa 6F being the property of the Company, for which the District Court in Białystok, IX Land and Mortgage Register Department keeps KW No. BI1B / 00065118/1, c) forensic pledge on movable property of the Company (machines, equipment) with a gross book value not lower than PLN 25,000,000, located in Białystok at ul. 42 Infantry Regiment 50, 50A, 50B and at ul. Handlowej 6F, d) transfer of money receivables from the real estate insurance contract referred to in point b) above, and movable property referred to in point c) above.

Source: company website, investor relations, current and periodic reports.

Company information
Company name:AC SA
Adress: ul. 42 Pułku Piechoty 50 15-181 Białystok
Phone:+48 85 7438100

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