The Management Board of KGHM Polska Miedź S.A. announces that on 1 August 2014, KGHM Polska Miedź S.A. signed an agreement for an unsecured loan in the amount of PLN 2 000 000 000 with the European Investment Bank.
The funds acquired through this loan will be used to finance Company investment projects related to modernisation of metallurgy and development of the Żelazny Most tailings pond.
The agreement was entered into for a period of 12 years. The loan is available for a period of 22 months from the date of signing. The loan will be utilised to a maximum of 7 instalments, each of which in the minimum amount of PLN 300 000 000. For each of these loan instalments the Company has the option of drawing the instalment in PLN, USD or EUR, with either a fixed or variable interest rate.
The remaining terms of the Agreement are standard terms for this type of transaction.
Legal basis: art. 56 section 1 point 1 of the Act dated 29 July 2005 on public offerings and conditions governing the introduction of financial instruments to organised trading, and on public companies (unified text: Journal of Laws 2013.1382).