Legal basis: Article 17 par. 1 MAR - confidential information.
Subject: Amendment of the credit agreement entered into by the Company
Management Board of VRG S.A. with its registered office in Kraków (hereinafter referred to as the "Company") informs that on June 26, 2024, documentation was concluded regarding the amendment of the multi-purpose limit credit agreement of March 9, 2015, as amended. changes in the agreement concluded between Powszechna Kasa Oszczedności Bank Polski S.A. with its registered office in Warsaw (hereinafter: "Bank") and the Company (hereinafter: "Multi-Purpose Loan Agreement"), about which the Company informed in current reports No. 8/2015, 57/2016, 37/2017, 36/2020 and 28/2022 .
Changes to the Multi-Purpose Loan Agreement include the extension for a period of 24 months, i.e. until June 30, 2026, of the multi-purpose credit limit up to PLN 105,000 thousand consisting of the following sublimits for:
1) overdraft facility up to PLN 50,000 thousand;
2) bank guarantees up to PLN 35,000 thousand ;
3) documentary letters of credit up to PLN 35,000 thousand .
The Bank's receivables under the Multi-Purpose Loan Agreement are secured by:
1) declaration of submission to enforcement pursuant to Art. 777 of the Code of Civil Procedure,
2) other collateral, provided that the following collateral also constitutes security for the loan granted to the Company by the Bank under the term loan agreement (Loan A) of March 9, 2015, as amended. died up to PLN 47,600 thousand , which the Company informed about in current reports No. 8/2015 and 57/2016, which constitute:
a) registered pledge on the "Vistula" trademark,
b) registered pledge on the "Wólczanka" trademark,
c) registered pledge on shares of W.KRUK S.A. owned by the Company,
d) an agreement concluded between the Bank and the Company regulating the settlement of payment transactions made by the Company's contractors using bank cards.