01.02.2012
Signing of annexes to loan agreements with BRE Bank SA
On 1 February 2012 Stalprofil SA signed with BRE Bank SA in Warsaw, O/Katowice two annexes to credit agreements for another year, extending the validity period of credit lines used by the issuer to finance current business from 16 March 2012 to 30 January 2013.
Following the conclusion of these annexes Stalprofil SA may use to 30 January 2013 credit lines at BRE Bank SA about which the Company informed in the Current Report no. 22/2011:
- revolving working capital loan (short-term) of PLN 10 million,
- multi-currency loan in the current account in the amount of 15 mln PLN.
The Company recognizes the agreements concluded to be significant, as their total value exceeds 10% of the equity of the issuer.
The financial terms under which the Company will use the granted limits do not differ from the commonly used for such agreements and are based on WIBOR + margin of the bank.
The basic law providing the credit limit, which were put in the Current Report no. 22/2011, remain unchanged.
Following the conclusion of these annexes Stalprofil SA may use to 30 January 2013 credit lines at BRE Bank SA about which the Company informed in the Current Report no. 22/2011:
- revolving working capital loan (short-term) of PLN 10 million,
- multi-currency loan in the current account in the amount of 15 mln PLN.
The Company recognizes the agreements concluded to be significant, as their total value exceeds 10% of the equity of the issuer.
The financial terms under which the Company will use the granted limits do not differ from the commonly used for such agreements and are based on WIBOR + margin of the bank.
The basic law providing the credit limit, which were put in the Current Report no. 22/2011, remain unchanged.