CR 53/2017 Significant agreement

Significant agreement       

                                                                                                                                       
Current report no: 53/2017

Date: 21 December 2017

Time: 1:52 p.m.

The Management Board of LPP SA informs that, today, i.e. on 21 December 2017, LPP SA and Bank Pekao SA concluded an investment credit facility agreement for the amount of PLN 138.5 mln, allocated for the refinancing of the construction of the Company’s two office buildings in Gdańsk, at Łakowa street.

The utilisation period has been set until 31 March 2020, with a repayment date being 31 March 2025.

The said credit facility has been secured with the following:

– contractual mortgage,

– power of attorney covering bank accounts kept in the Bank,

– statement on submission to enforcement in the form of a notarial deed,

– assignment of rights under a real estate insurance policy in the project construction and operation period.