Fulfilment of condition precedent for entry into force of the Amendment to the Credit Facility Agreement for refinancing of Grupa LOTOS S.A.'s inventories
On November 28th 2013, Grupa LOTOS S.A. submitted to BANK POLSKA KASA OPIEKI S.A., acting as the credit facility agent (see Current Report No. 27/2013), a resolution of the Grupa LOTOS Supervisory Board approving the extension of the term and amendment of the Credit Facility Agreement for refinancing of the Company’s inventories.
Thus, the Company fulfilled the condition precedent for entry into force of Amendment No. 1 of November 7th 2013 (the “Amendment”), extending by 12 months, i.e. until December 20th 2014, the term of the Credit Facility Agreement for refinancing of Grupa LOTOS S.A.’s inventories, dated October 10th 2012, executed between Grupa LOTOS S.A. and a consortium of five banks, comprising:
- BANK POLSKA KASA OPIEKI S.A. of Warsaw,
- MBANK S.A. (former BRE BANK S.A.) of Warsaw,
- ING BANK ŚLĄSKI S.A. of Katowice,
- NORDEA BANK AB (publ) of Stockholm,
- SOCIETE GENERALE S.A. of Paris. In view of the above, the Amendment has become effective.
The legal basis for the publication of this Current Report is Par. 5.1.4 of the Minister of Finance’s Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated February 19th 2009.