10.11.2009
Concluding annex to credit contract with ING Bank Śląski SA
On November 9, 2009, Stalprofil SA received information on the fact that annex to credit contract concluded by and between Stalprofil SA and ING Bank Śląski SA at Katowice were signed by the second party (ING Bank Śląski SA). The company informed about the annex in current report no. 16/2009. The annex has been concluded by mutual consent and agreement and it is another step in limiting the scope of cooperation of the Group with ING Bank Śląski in favour of other banks.
Following the conclusion of the annex, the credit limit on the bank account was reduced from 25 million PLN to 10 million PLN, while shortening the period of its validity until 29 January 2010.
The value of the basic legal protection under the credit agreement, which is registered pledge on commercial goods owned by Stalprofil, has also been changed. This security, including metallurgical products for the net evidence value of 30 million PLN, has been reduced to 12 million PLN.
Following the conclusion of the annex, the credit limit on the bank account was reduced from 25 million PLN to 10 million PLN, while shortening the period of its validity until 29 January 2010.
The value of the basic legal protection under the credit agreement, which is registered pledge on commercial goods owned by Stalprofil, has also been changed. This security, including metallurgical products for the net evidence value of 30 million PLN, has been reduced to 12 million PLN.