Annex to a significant agreement
Current report no: 28/2017
Date: 28 June 2017
Hour: 3:22 pm
The Management Board of LPP SA informs that, on 28 June 2017, LPP SA and Pekao SA signed an annex to the multi-option credit line agreement dated 13 August 2004.
Under the said annex, the current utilization period has been prolonged by 30 June 2020. The total limit of the multi-option credit line amounting to PLN 330 mln (remaining unchanged compared to the previous annex) may be utilised as:
– overdraft up to PLN 330 mln, revolving every 12 months based on the standing of LPP SA,
– letter of credit line up to PLN 330 mln with a 12-month tenor,
– guarantee credit line up to PLN 140 mln with a 25-month tenor.
The total value of all products may not exceed the allocated limit of PLN 330 mln.
The said lines have been secured with a power of attorney to access the bank account of LPP SA.