Current Reports

28/2020 - Change of a significant financing contract

The Management Board of Trakcja S.A. (”Company”), in connection with:

- the common terms agreement executed on 27 September 2019 between the Company, mBank S.A., Credit Agricole Bank Polska S.A., Bank Gospodarstwa Krajowego, Agencja Rozwoju Przemysłu S.A., Bank Polska Kasa Opieki S.A., notified by the Company in the current report no. 51/2019 of 27 September 2019.

- and the common terms agreement executed on 13 June 2019 between the Company, AXA Ubezpieczenia Towarzystwo Ubezpieczeń i Reasekuracji S.A., Credendo – Excess & Surety Societe Anonyme operating in Poland through Credendo – Excess & Surety Spółka Akcyjna Branch in Poland, Generali Towarzystwo Ubezpieczeń S.A., Korporacja Ubezpieczeń Kredytów Eksportowych S.A., Sopockie Towarzystwo Ubezpieczeń Ergo Hestia S.A., Powszechny Zakład Ubezpieczeń S.A. And UNIQA Towarzystwo Ubezpieczeń S.A., notified by the Company in the current report no. 12/2019 of 13 June 2019 (”Insurers”) (jointly: “Common Terms Agreements”)

 

Hereby informs that on 30 September 2020 the Company received consent of the Majority Financing Entities (as defined in the Common Terms Agreement of 27 September 2019) and Insurers to withdraw from testing financial indicators: the consolidated financial leverage, the individual financial leverage, and the individual and consolidated debt coverage indicators as at 30 September 2020. Initially, the Common Terms Agreements imposed an obligation on the Company to achieve and maintain defined financial indicators starting from 30 September 2020 and in subsequent periods defined in the Common Terms Agreements.

 



 

Legal basis: Art. 17 MAR – confidential information.

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