28.09.2012
Concluding loan agreement with BRE Bank SA
On 28.09.2012 Stalprofil SA learned about signing by BRE Bank SA in Warsaw, O/Katowice, of loan agreement for a revolving credit (long-term) in the amount of PLN 10 million.
That loan was granted to the Company for a period of up to 09.25.2014, to be used to finance current operations.
Stalprofil SA may use the credit limit at BRE Bank SA in the total amount of PLN 35 million, including apart of the above-mentioned loan:
- revolving working capital loan (short-term) in the amount of PLN 10 million, until 30 January 2013,
- multi-currency loan in the current account in the amount of PLN 15 million, until 30 January 2013.
The Company considers the agreements concluded to be significant, because their total value exceeds 10% of the equity of the issuer.
The financial terms of which the Company will use the granted limits do not differ from those commonly used for this type of contract, and are based on WIBOR + margin.
Basic legal safeguards for the total credit limit of BRE Bank SA are: pledge on commercial goods owned Stalprofil SA with a total value of net registration prices as high as 31 million PLN and made to the Bank\'s assignment due Stalprofil SA commercial contracts with an estimated value of 6 million PLN quarterly sales.
That loan was granted to the Company for a period of up to 09.25.2014, to be used to finance current operations.
Stalprofil SA may use the credit limit at BRE Bank SA in the total amount of PLN 35 million, including apart of the above-mentioned loan:
- revolving working capital loan (short-term) in the amount of PLN 10 million, until 30 January 2013,
- multi-currency loan in the current account in the amount of PLN 15 million, until 30 January 2013.
The Company considers the agreements concluded to be significant, because their total value exceeds 10% of the equity of the issuer.
The financial terms of which the Company will use the granted limits do not differ from those commonly used for this type of contract, and are based on WIBOR + margin.
Basic legal safeguards for the total credit limit of BRE Bank SA are: pledge on commercial goods owned Stalprofil SA with a total value of net registration prices as high as 31 million PLN and made to the Bank\'s assignment due Stalprofil SA commercial contracts with an estimated value of 6 million PLN quarterly sales.