Current report 48/2015
Title:
Conclusion of annexes to credit 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 25th November 2015 the Issuer was informed about signing by URSUS S.A. and Bank Millennium S.A. with the seat in Warsaw of:
- Annex to the overdraft facility agreement of 16.09.2008, as amended, according to which duration of the agreement was extended till 31.12.2016 and the credit amount remains unchanged, i.e. 10.000.000 PLN,
- Annex to the revolving credit agreement of 23.05.2013, as amended, according to which duration of the agreement was extended till 15.12.2016 and the credit amount was increased from 8.000.000 PLN to 12.000.000 PLN,
- Annex to the agreement for the line of bank warranties and documentary letters of credit of 08.01.2013, as amended, extending duration of the line till 15.12.2016, according to which the line amount was increased from 8.000.000 PLN to 12.000.000 PLN,
- Annex to the working capital credit Agreement of 19.12.2013, as amended, increasing the amount of the collective bail mortgage constituting security of the agreement,
- Annex to the revolving credit agreement of 16.12.2014, according to which duration of the agreement was extended till 15.12.2016.
The joint security for the above mentioned credit agreements are a collective bail mortgage on real estate properties of the Company in Dobre Miasto, the amount of which was increased from 53.397.000 PLN to 57.137.000 PLN, with transfer of rights from the insurance policy, assignment of receivables from a business contract and blank promissory note with promissory note declaration.
The other provisions of the above mentioned credit agreements remain unchanged.
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).
