Current report 46/2014
Title:
Conclusion of the revolving credit agreement and annexes to previously concluded agreements with Bank Millennium S.A.
Legal basis:
Art. 56 sec. 1 point 2 of the Act on Public Offering – current and periodical information
Message:
The Management Board of the Issuer informs that on the 16th December 2014 the company URSUS S.A. and Bank Millennium S.A. with the seat in Warsaw concluded:
- Annex to the overdraft facility agreement of 16.09.2008, as amended, according to which duration of the agreement was extended till 31.12.2015 and the credit amount remains unchanged, i.e. 10.000.000 PLN,
- Annex to the revolving credit agreement of 23.05.2013, according to which duration of the agreement was extended till 15.12.2015 and the credit amount was increased from 7.000.000 PLN to 8.000.000 PLN,
- Annex to the agreement for the line of bank warranties and documentary letters of credit of 08.01.2013 extending duration of the line till 15.12.2015, according to which the line amount was increased from 7.000.000 PLN to 8.000.000 PLN,
- Annex to the working capital credit Agreement of 19.12.2013, increasing the amount of the collective bail mortgage constituting security of the agreement,
- the Revolving credit agreement in the amount of 5.000.000 PLN, which will be used by the Issuer for financing the current operation of the Company. The agreement was concluded for a definite period till 15.12.2015. The interest rate on the credit is variable and fixed on the basis of WIBOR 1M rate increased by the Bank’s margin.
The joint security for above mentioned credit agreements, including the newly concluded revolving credit agreement, are a collective bail mortgage on real estate properties of the Company in Dobre Miasto, the amount of which was increased from 45.900.000 PLN to 53.397.000PLN, and an assignment of receivables from a business contract.
The other provisions of the above mentioned annexes to the credit agreements and the newly concluded agreement do not differ from the standard terms commonly used in this kind of agreements.
The legal basis of the present report is §5 sec.1 point 1 and point 3 in connection with §9 of the Regulation of the Minister of Finance dated 19 February 2009 regarding current and interim reports published by issuers of securities and the terms of finding as equivalent the information required under the laws of any non-member state (Journal of Laws, 2009 No 33, point 259 with subsequent changes).
