Announcement.

P.A. NOVA SA (18/2018) Conclusion of an annex to the credit agreement in the current account

Board P.A. NOVA S.A. ("Issuer") informs that on June 13, 2018, an annex to the loan agreement was concluded between mBank S.A. Corporate Branch in Katowice as the Bank and the Issuer as a Borrower.
The agreement referred to in the preceding sentence was concluded on 05/07/2017. On the basis of the concluded agreement, the Bank granted the Issuer with an overdraft ("Loan") in the amount not exceeding PLN 3,000,000.00 for the purpose of financing of the Borrower's current operations.
Pursuant to the annex to the loan agreement, the Bank increased the amount of the Loan to PLN 13,000,000.00 to finance the Borrower's current operations.
The Borrower has committed to repay the Loan by 28/06/2019.
In order to secure the loan repayment, the Customer undertakes to set up the following collateral:
1) contractual mortgage up to 19,500,000.00 PLN on real estate in Kamienna Góra and Rybnik,
2) statement on submission to enforcement up to PLN 19,500,000.00.
Other conditions do not differ from the market standards used in contracts of this type.
Legal basis:
art. 17 sec. 1 MAR - confidential information

Automatic translation of the announcements.

Rate the announcements:


Positive

Neutral

Negative

ALL COMPANY ANNOUNCMENTS
Company information
Company name:P.A. Nova SA
ISIN:PLPANVA00013
NIP:631-020-04-17
Adress: ul. Górnych Wałów 42 44-100 Gliwice
Phone:+48 32 4004100
website:www.pa-nova.com.pl

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