Management Board of CCC S.A. (hereinafter: the Issuer, the Company) informs that today, i.e. November 8, 2019, a subsidiary of the Issuer, CCC.eu Sp. z o.o. with its registered office in Polkowice, it received a signed annex of October 31, 2019 to the multi-purpose credit limit agreement of October 15, 2014 ("Agreement") with Bank Polska Kasa Opieki Spółka Akcyjna (hereinafter: the Bank) with its registered office in Warsaw at ul. Grzybowska 53/57, of which the Company informed in current report RB No. 51/2014 of October 16, 2014. By this annex, the multi-purpose credit limit granted up to the total amount of PLN 600,000,000 until December 31, 2019 is changed by reducing the limit amount and in the period from November 1, 2019 to November 30, 2019 will amount to PLN 500,000. PLN 000, from 01/12/2019 to 20/12/2019 it will amount to PLN 400,000,000, and from 21/12/2019 until 31/10/2021 it will amount to PLN 300,000,000. In addition, the annex extended the limit to October 31, 2020, and the period of validity of the requested Guarantees / Letters of Credit may not exceed October 31, 2021.
The other conditions have not changed significantly and do not differ from those commonly used for this type of contract.
The Annex to the Agreement coincides with the Company's previously communicated policy aimed at reducing the share of short-term financing in favor of a significant increase in long-term financing.
The Issuer is in the period of finalizing the signing of long-term financing agreements, and will inform about further steps in an appropriate reporting mode.
The Issuer's Management Board decided to publish the above-mentioned information due to the significant value of the contract.
Source: company website, investor relations, current and periodic reports.