Legal basis: Article 17 sect.1 of the MAR - confidential information.
Subject: Change in the loan agreement concluded by the subsidiary of the Issuer with the bank Powszechna Kasa Oszczędności Bank Polski S.A.
The Management Board of VRG SA with its registered office in Kraków (hereinafter: the "Issuer") informs that on July 7, 2020 documents were signed to amend the multi-purpose limit credit agreement of March 9, 2015 changes concluded between Powszechna Kasa Oszczędności Bank Polski S.A. with its registered office in Warsaw and a subsidiary of the Issuer, i.e. the company W.KRUK S.A. with its registered office in Kraków (hereinafter: the "Multi-Purpose Loan Agreement"), about which the Issuer informed in current reports No. 8/2015, 65/2015 and 38/2017.
Amendments to the Multi-Purpose Loan Agreement include an extension for a period of 24 months, i.e. until July 6, 2022, and an increase in the total credit limits to PLN 85,000,000 consisting of:
1) Overdraft limit up to the sum of PLN 52,000 under a separate contract;
2) Multi-Purpose Credit Limit up to the amount of PLN 33,000,000 which includes the limit for bank guarantees up to the sum of 25,000 thousand. PLN and the limit for letters of credit up to the sum of PLN 8,000.
As part of additional security to the above-mentioned contracts, in relation to existing ones, the following were introduced:
- Bank Gospodarstwa Krajowego liquidity guarantee for an overdraft,
- an obligation to provide security in the form of a civil law guarantee of the Issuer in relation to W.KRUK S.A. for multi-purpose credit.