The Management Board of Grupa Kęty S.A. hereby informs that, on 13 November 2017, by adopting a resolution, they approved of the terms and conditions of a non-revolving loan agreement as proposed by the Bank; the agreement will be signed with Bank PKO BP for the amount of 260 million PLN. Apart from Grupa KĘTY SA, also its subsidiary Aluform Sp. z o.o. will be a party to this agreement. Grupa Kęty and Aluform Sp. z o.o. will be jointly and severally liable for any commitments made by any of the entities under the Agreement. The loan is be used to finance the investment programme of the said companies. The loan will be secured with a mortgage on real property, a registered pledge on fixed assets with the assignment of receivables under an insurance agreement, a blank promissory note with a promissory note agreement of each borrower. The loan will be granted until 31 March 2024. The loan may be used in PLN or EUR. The interest rate on the loan is variable and equals Wibor 3M Euribor 3M base rate plus the bank’s margin.
