CR 06/2017 Master agreement

Master agreement    

Current report no: 06/2017

Date: 31.01.2017; 12:05

The Management Board of LPP SA informs that, in connection with a multi-option credit line agreement concluded with BGŻ BNP Paribas SA on 14 April 2004, today it has been notified of the prolongation of credit availability for the current utilisation period until 28 February 2017.

Under the said agreement, LPP SA benefits from a limit of PLN 330 mln, which may be utilised as:

– overdraft up to PLN 330 mln to be utilised by 28 February 2017,

– letter of credit line up to PLN 330 mln with a 12-month tenor,

– guarantee credit line up to PLN 60 mln with a 12-month tenor.

The total value of all products may not exceed the allocated limit of PLN 330 mln.

During the next month the Company intends to sign an annex to the credit line agreement dated 14 April 2004 with BGŻ BNP Paribas SA, prolonging its utilisation period for a subsequent year.

The Issuer makes the abovementioned information public due to the fact that, in its opinion, the value of the agreement meets the criteria for deeming it a significant agreement.