22/2021 – Entry into force of documents concerning long-term financing

Further to current report no. 20/2021 of Trakcja S.A. (the “Company”) dated 17 June 2021 on the conclusion of a number of long-term financing agreements (the “Current Report”), the Company’s Management Board informs that on 24 June 2021 it has received notice from mBank S.A. (“mBank”), acting in the capacity of credit agent, on the satisfaction on 24 June 2021 of the conditions precedent specified in the annex to the credit agreement dated 17 June 2021 concluded between the Company, Bahn Technik Wrocław sp. z o.o., PRK 7 Nieruchomości sp. z o.o., Platforma Działalności Międzynarodowej S.A., Przedsiębiorstwo Produkcyjno – Usługowe „DALBA” sp. z o.o., Torprojekt sp. z o.o.,  Przedsiębiorstwo Eksploatacji Ulic i Mostów sp. z o.o. and TOB Trakcja Ukraina („Affiliates”), mBank, Credit Agricole Bank Polska S.A., Bank Gospodarstwa Krajowego, Agencja Rozwoju Przemysłu S.A [Industrial Development Agency JSC], Bank Polska Kasa Opieki S.A. (Annex to the Credit Agreement), which has introduced the modified and consolidated credit agreement (“Consolidated Credit Agreement”), as to the conclusion of which the Company informed in the Current Report.

As the Annex to the Credit Agreement and other financing documents specified in the Current Report have entered into force, each of the creditors, lender and guarantors have made available to the Company and its Affiliates their shares in the payment of credits and loan and issue of guaranties granted pursuant the financing documents specified in the Current Report. Pursuant to the Consolidated Credit Agreement and under its terms, the Company which is the borrower:

1. has been granted a new, open-end credit of a total amount equal to PLN 52,983,000.00
2. has been granted a new, open-end loan of a total amount equal to PLN 52,746,000.00;
3. the bank guaranty lines have been modified, inter alia, by extending their periods of availability. In particular, two new guaranties for returning an advance shall be issued, in amounts, as appropriate: PLN 30,067,215.94 and PLN 30,867,672.81.

Additionally, a new good performance guaranty shall be issued by insurance companies in an amount of PLN 30,067,215,94.

The funds from credits and loans, and the guaranties shall be paid or granted upon satisfaction of the conditions set out in the financing documents referred to in the Current Report and upon submission by the Company of the relevant application with mBank (acting in the capacity of credit agent) or to the relevant insurers.

Legal basis:

Article 17 (1) MAR