The Management Board of Grupa Kęty S.A. (hereinafter referred to as the Company or the Issuer) informs that on 28 August 2024 it made a decision on the acceptance of the terms proposed by Powszechna Kasa Oszczędności Bank Polski S.A. (hereinafter referred to as the Bank) with regard to a term loan agreement (hereinafter referred to as the Agreement) in the total amount of PLN 350 million as well as conclusion of the Agreement.
The Agreement will be concluded for the period of 3 years. The loan will be paid out in PLN and will be allocated in 100% to the purchase of shares in Selt Sp. z o.o. (hereinafter referred to as Company Taken Over), whereas the Agreement comprises a clause on the possible change of the loan currency to EUR.
Interest rate on the loan will be variable and will be calculated in reference to the base rate of WIBOR or EURIBOR, respectively, plus Bank margin, depending on the value of the net debt/EBITDA ratio.
The security for the loan repayment and other liabilities under the Agreement shall be:
Other terms and conditions of the Agreement do not differ from the generally applicable standards for such agreements.