07.10.2015

Extension of the loan agreement with PKO BP S.A.

On October 7, 2015, the Board of Stalprofil S.A. was informed about signing by PKO BP S.A. with its registered seat in Warsaw, an annex to the credit agreement in the form of multipurpose credit line agreement between PKO BP S.A. and Stalprofil. The annex extends for another year (from the original date of April 15, 2016 and ending on 15 April 2017) the term of availability of the said credit limit in the amount of 75,000,000 PLN.
The basic terms of the credit agreement, including security for the loan, did not change compared to those described in the current report 4/2013. Pursuant to the credit agreement with PKO BP S.A. and its annexes contained for the period until 15 April 2017 Stalprofil can use the following products provided by the bank: overdraft facility, revolving working capital facility, bank guarantees and letters of credit for financing current liabilities arising from the activities carried out.
The financial terms on which the Company will use the granted limits do not differ from those commonly used for this type of agreement and in the case of the overdraft and the revolving are based on WIBOR + margin of the bank. The agreement meets the criterion of a significant agreement because its value exceeds 10% of the equity of the issuer.