Annex to the master agreement
Current report no.: 38/2014
The Management Board of LPP SA informs that on 30 December 2014 the Company signed an annex to the multi purpose line of credit agreement concluded on 14 April 2004 between LPP SA and BNP Paribas Bank Poland SA.
Under this annex, the credit limit was increased to the amount of PLN 280 million, and the current use period was extended to 16 December 2015.
Limit to the agreement of PLN 280 million can be used as an overdraft on current account to the amount of PLN 149 million, a line of letters of credit to the amount of PLN 280 million and the guarantees’ line to PLN 49 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.