31.12.2009
The conclusion of the Agreement dissolving a current account credit agreement with ING Bank Śląski SA
On 30 December 2009 Board of Stalprofil SA has received information about signing by ING Bank Slaski SA in Katowice of an agreement that dissolves the contract of loan in the bank account of 18 April 2006, as amended, under which (see the current report No. 35/2009) Stalprofil SA could use the credit limit of 10 million PLN in the period until 29 January 2010.
In connection with the early repayment of the loan by Stalprofil SA, the agreement of the loan in the bank account was terminated on 28 December 2009 by mutual agreement between the parties.
Management Board does not foresee any negative financial impact arising from dissolving the credit agreement with ING Bank Slaski SA. The Company extends long-term credit cooperation with other banks, including PKO BP, which according to the information provided in the current report No. 40/2009 signed long-term credit agreement increasing the availability of credit lines from the amount of 25 million PLN to 45 million PLN.
Following the conclusion of the dissolving agreement is also terminated basic legal protection under the loan agreement, which was registered pledge on the commercial goods owned by Stalprofil. The security included metallurgical products for the evidence net value of 12 million PLN.
In connection with the early repayment of the loan by Stalprofil SA, the agreement of the loan in the bank account was terminated on 28 December 2009 by mutual agreement between the parties.
Management Board does not foresee any negative financial impact arising from dissolving the credit agreement with ING Bank Slaski SA. The Company extends long-term credit cooperation with other banks, including PKO BP, which according to the information provided in the current report No. 40/2009 signed long-term credit agreement increasing the availability of credit lines from the amount of 25 million PLN to 45 million PLN.
Following the conclusion of the dissolving agreement is also terminated basic legal protection under the loan agreement, which was registered pledge on the commercial goods owned by Stalprofil. The security included metallurgical products for the evidence net value of 12 million PLN.