Annex to the master agreement
Current report no: 04/2015
The Management Board of LPP SA informs that on 14 January 2016 the Company signed an annex to the multi purpose line of credit agreement concluded on 14 April 2004 between LPP SA and BG? BNP Paribas SA.
Under this annex, the credit limit was increased to the amount of PLN 330 million, and the current use period was extended to 30 January 2017.
Limit to the agreement of PLN 330 million can be used as an overdraft on current account to the amount of PLN 175 million, a line of letters of credit to the amount of PLN 330 million and the guarantees’ line to PLN 58 million.
The line collateral is the blank promissory note of LPP SA and the statement of execution.
The contract was concluded on market terms.
The contract value exceeds 10% of equity capital of LPP SA.