The Management Board of KGHM Polska Miedź S.A. (“Company”) announces that on 27 October 2021 it consented to extend the term of an unsecured revolving syndicated credit facility agreement in the amount of USD 1 500 million, which was announced by the Company via a regulatory filing no. 38/2019 dated 19 December 2019, no. 31/2020 dated 27 October 2020 and no. 38/2020 dated 4 December 2020 by 1 year, that is to 20 December 2026, by submitting a request to the financing banks.
The unsecured revolving syndicated credit facility agreement in the amount of USD 1 500 million was entered into on 20 December 2019 for a five-year tenor and has two one-year extension options exercisable at the request of KGHM Polska Miedź S.A. (decision to agree for the extension of the term of the agreement is at the discretion of each syndicate member, proportionally to the interest held).
The extension of the term of the agreement realises the Strategy of KGHM Polska Miedź S.A. with respect to ensuring long-term financial stability by, among others, basing KGHM’s financing structure on long-term instruments.
Moreover, the Management Board of KGHM Polska Miedź S.A. announces that if the requested change is not realised, the Company will announce this fact in a separate regulatory filing.
Legal basis: Art. 17 (1) of MAR (Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal of the European Union dated 12 June 2014, no. L 173/1).