The Management Board of Dino Polska S.A. ("Company") informs that today, ie January 11, 2019, two investment loan agreements were signed ("Loans"): i) between the Company and the bank Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna with its registered office in Warsaw , ul. Puławska 15 ("PKO BP SA") for PLN 80 million, and ii) between Dino Południe Sp. z o.o., a subsidiary of the Company, and PKO BP SA for the amount of PLN 70 million ("Agreements").
The total value of loans is PLN 150 million. The contracts were signed in order to finance the further development of the chain of stores operated by the Company under the Dino brand and logistics facilities.
The loans were granted in Polish currency for the period from February 11, 2019 to August 11, 2026. The interest on the Loans will be determined according to a variable interest rate equal to the reference rate WIBOR 1M, increased by the PKO BP SA margin.
The Loans are secured by: i) contractual mortgages up to PLN 225 million on properties owned by the Company and to Dino Południe Sp. z o.o., developed with stores and warehouses of the Company; ii) blank promissory notes issued by borrowers together with promissory note declarations; iii) transfer of money receivables from insurance contracts for real estate constituting collateral; and iv) in the case of a contract signed by Dino Południe Sp. z o.o. surety under civil law issued by the Company, which, after full use of the loan, will be replaced by joining the debt by the Company as a joint and several debtor.
The Management Board of the Company decided to publish the aforementioned information due to the significant total value of the Agreements.
Legal basis: Article 17 para. 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (Regulation on market abuse) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission Directive 2003/124 / EC, 2003/125 / WE and 2004/72 / EC - confidential information
Source: company website, investor relations, current and periodic reports.