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CR 09/2015 Annex to the master agreement

06.03.2015

 

Annex to the master agreement

Current report no.: 09/2015

Date: 06.03.2015

 

 

The Management Board of LPP SA announces that on 6 March an annex to the loan agreement (the multi-purpose credit line) concluded with Raffeisen Bank Polska SA of 12 July 2002 was signed.

Pursuant to the annex, the total limit of all facilities was set at the amount of PLN 280 mln and the period for the use of individual products has been extended:

1) overdraft facility – agreement extended by 30 September 2016

2) revolving credit – agreement extended by 29 September 2016

3) limit for guarantees granted by LPP SA and its subsidiaries – agreement extended by 29 September 2017

4) limit for the opening of letters of credit – agreement extended by 29 September 2017

The above quoted contract was concluded on market basis.

The criterion of declaration of the contract is that the agreement value exceeded 10% of the equity capital of the LPP SA.

 

 

CR 09 2015 – Annex to the master agreement