CR 53/2016 Annex to material agreement
Annex to material agreement
Current Report No.: 53/2016
Date: 28.10.2016; 19:09
With reference to Current Report No.: 48/2016 The Management Board of LPP SA announces that today LPP SA and Raiffeisen Bank Polska SA signed an annex to the debt limit (multi-purpose) agreement dated 12 July 2002.
Under the annex, the total limit of PLN 280 million was established for the use of individual products (unchanged compared to the previous annex), and the period for the use of individual products was extended:
- overdraft facility – by 30 November 2017
- revolving loan – by 29 November 2017
- limit under which the guarantees to LPP SA and its subsidiaries will be released – by 29 November 2019
- limit under which letters of credit will be opened – by 30 November 2018
The remaining terms and conditions of the agreement remain unchanged.
The agreement was entered into on arm’s length basis.