With reference to the current report No. 14/2013, the Management Board of Selena FM S.A. (The Issuer) announces that today an annex to the debt limit agreement (Limit) of June 25, 2009 concluded with Raiffeisen Bank Polska S.A. was signed by all parties to the agreement. (Bank).
The most important entries made on the basis of the Annex:
- Selena FM SA is the Borrower. Orion PU sp. O.o., Libra sp. O.o., Selena SA, Izolacja Matizol sp. O.o., TYTAN EOS sp. O.o.
- the Limit disclosure period has been extended to 13.07.2020.
- the limit granted is PLN 35 million.
- the Limit is secured by: Power of attorney to current accounts Borrowers maintained by the Bank, mortgage on the company's real estate Orion PU sp. Z o. O up to PLN 52.5 million with the assignment of rights under the insurance policy and blank promissory notes issued by the Borrowers together with a promissory note declaration.
The Grant awarded will be used to finance the ongoing operations of the Selena Group companies.
VIBOR 1M variable interest rate + margin for the use of funds in PLN and EURIBOR 1M + margin for the use of funds in EUR.
The other conditions of the granted Limit do not differ from the market conditions for this type of financing. Total funding of PLN 35 million granted on the day of publication of the report is approximately 12% of the credit lines held by Selena FM and its subsidiaries in banks.
Source: company website, investor relations, current and periodic reports.