Information on partial additional reduction of credit debt

(Current Report No. 32/2023)

31.05.2023 /Issuer/

Legal basis:
Article 17 sec. 1 MAR - confidential information

 
The Management Board of CCC S.A. based in Polkowice ("Issuer") announces that on May 29 and 31, 2023, a partial additional reduction of credit debt was made to the consortium consisting of: mBank S.A. (agent), Bank Polska Kasa Opieki S.A. (collateral agent), Bank Handlowy w Warszawie S.A., Bank Millennium S.A., BNP Paribas Bank Polska S.A., Bank Polska Kasa Opieki S.A., mBank S.A., Powszechna Kasa Oszczędności Bank Polski S.A., Santander Bank Polska S.A. and Santander Factoring sp. z o.o., as well as to Bank Handlowy w Warszawie S.A. under a bilateral agreement for guaranteed credit debt under BGK's PLG-FGK Crisis Guarantee Fund portfolio guarantee line.

The total reduction of credit limits amounted to PLN 50,500,000.00 as part of the next stage of implementation of the deleveraging plan. The Issuer provided information on the conclusion of the relevant agreements that are the basis for the debt reduction in current report No. 39/2022 dated December 21, 2022.

If the credit limits reduced as a result of the additional early deleveraging are not fully restored or renewed within 60 days from the date of deleveraging (the deadline set forth in para. 17 item (f) of the "Terms and Conditions of Issuance of Registered Bonds with the Possibility of Transfer to the Depository of the NDS, drawn up in Polkowice on June 21, 2018" (the "Terms and Conditions of Issuance"), relating to the Series 1/2018 Bonds (the "Bonds")), the Issuer will announce, within the time limit specified in par. 13.3 of the Terms of Issue for the early redemption of the Bonds (the "Pari Passu Redemption"). The number of Bonds subject to Pari Passu Redemption, as well as the information specified in par. 17 (f) of the Terms of Issue, necessary for calculating the number of Bonds subject to Pari Passu Redemption, will be provided in the notice of Pari Passu Redemption.