The Management Board of KGHM Polska Miedź S.A. announces that on 7 November 2017 it consented to set detailed terms and conditions for an unsecured loan in the amount of PLN 900 million with the European Investment Bank. In accordance with the preliminary offer, the agreement may be entered into for a period of 12 years, with the option of drawing in PLN, USD or EUR, with either a fixed or variable interest rate for each of the loan’s instalments.
If the agreement is signed, the Company plans to use the acquired funds to finance the investment projects advanced by the Company, which are aimed at modernising the production line as well as at adapting current processes to variable mining conditions, increasing effectiveness, maintaining production continuity and implementing solutions concerning environmental issues.
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)