Announcement.

GRUPA AZOTY ZAKŁADY CHEMICZNE POLICE SA (2/2018) Granting a guarantee to the EIB

Referring to the current report of Grupa Azoty SA (parent company in relation to Grupa Azoty Zakłady Chemiczne "Police" S.A., hereinafter: "Parent" or "Borrower") No. 2/2018 dated 25 January 2018, Management Board of Grupa Azoty Zakłady Chemiczne "Police" S.A. (hereinafter: "Azoty Police Group") informs that in connection with the long-term financing loan agreement concluded on January 25, 2018 between Azoty Group S.A. and the European Investment Bank with its registered office in Luxembourg (hereinafter: "EIB") concluded a guarantee agreement between the EIB and subsidiaries of the Parent, including: Grupa Azoty Police, Grupa Azoty Zakłady Azotowe Puławy SA. and Grupa Azoty Zakłady Azotowe Kędzierzyn S.A. acting as guarantors. The guarantee was granted to the EIB as collateral for a loan agreement for a maximum amount of EUR 145.000.000 (hereinafter: "Agreement with the EIB"), which is an integral part of Grupa Azoty's long-term financing package to finance general corporate needs, including the strategy and investment program as well as research and development of the Capital Group. The amount of guarantees granted by each guarantor, including the Azoty Police Group, has been set at a maximum of EUR 58,000,000, ie a total of EUR 174,000,000. Each guarantor has a separate and independent liability from the other guarantors for the Borrower's obligations up to the agreed upper limit of the liability of the guarantor (guarantee amount). The EIB may claim from each guarantor the payment of due liabilities under the EIB Agreement if they are not met by the Borrower. The guarantee expires at the end of the security period, ending with the repayment of the receivables under the EIB Financing Agreement, concluded for a period of 10 years from the start of financing, with an installment repayment schedule commencing within 3 years from the date of the above-mentioned commissioning. The above-mentioned guarantee was granted on market terms for an appropriate remuneration. Other provisions of the guarantee agreement with the EIB do not deviate from the standards adopted in agreements of this type. Legal basis: Article 17 para. 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (the Market Abuse Regulation) and repealing Directive 2003/6 / ECOf the European Parliament and of the Council and Commission Directives 2003/124 / EC, 2003/125 / EC and 2004/72 / EC (Official Journal of the European Union of 12 June 2014, No. L 173/1, as amended).

Automatic translation of the announcements.

Rate the announcements:


Positive

Neutral

Negative

ALL COMPANY ANNOUNCMENTS
Company information
Company name:Grupa Azoty Zakłady Chemiczne Police SA
ISIN:PLZCPLC00036
NIP:851-02-05-573
Adress: ul. Kuźnicka 1 72-010 Police
Phone:+48 91 3171717
website:www.zchpolice.com

Copyright © 2017 PolandStockExchange
This website uses cookies (Regulations / Cookie Policy).