The Management Board of Grupa Kęty S.A. hereby informs that, on 30 April 2015, the Company received from BNP Paribas Bank Polska S.A. the confirmation of the conclusion by the subsidiaries Alupol Packaging Kęty Sp. z o.o. and Alupol Films Sp. z o.o. of the multi-purpose credit line agreement with BNP Paribas Bank Polska S.A. The amount of the loan granted under this agreement is 120,000,000.00 PLN. The loan is taken to finance an investment project being a part of the development strategy of the Flexible Packaging Segment, which involves the construction of a new plant in the Special Economic Zone. The new plant will be involved mainly in the production and refining of plastic films and the production of cylinders being a tool used in the rotogravure printing of flexible packaging.
The loan may be used in PLN and EUR. The interest rate on the loan is variable and equals Wibor 3M base rate for PLN or Euribor 3M base rate for EUR plus the bank’s margin. Under the agreement, the final loan repayment date shall be 28 April 2022. The loan is secured with the surety of Alupol Packaging S.A. up to 120,000,000.00 PLN and a mortgage on the real property of Alupol Films Sp. z o.o. up to 120,000,000.00 PLN. An agreement is deemed material when its value exceeds 10% of the Issuer’s equity.
