The Management Board of KGHM Polska Miedź S.A. (“the Company”), in reference to regulatory filing no. 33/2017, announces that on 16 June 2021 it consented to sign an Annex to an unsecured loan agreement dated 11 December 2017 in the amount of PLN 900 million with the European Investment Bank (“the Agreement”).
The Annex will increase the amount of the loan granted by the equivalent of PLN 440 million, and therefore the amount of financing under this Agreement will amount to PLN 1.34 billion. The additional loan in the amount of PLN 440 million will be available for a period of 22 months from the date of signing the Annex. The loan will be utilised to a maximum of 4 instalments, each of which in the minimum amount equivalent of PLN 110 million. The Company has the option of drawing each of these loan instalments in PLN, USD or EUR, with either a fixed or variable interest rate. The additional amount will be a potential reserve, which may be used to finance investment projects advanced by the Company.
The remaining terms of the Agreement will not change significantly and will be standard terms for this type of transaction.
Moreover, the Management Board of KGHM Polska Miedź S.A. announces that the Annex is planned to be signed up to 30 June 2021. If the Annex to the Agreement is not signed up to 30 June 2021, 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)