The Management Board of Grupa LOTOS S.A. (“Grupa LOTOS S.A.” or the “Company”) reports that on October 29th 2014 Grupa LOTOS S.A. and a syndicate of six banks, comprising:
- BANK POLSKA KASA OPIEKI S.A. of Warsaw,
- MBANK S.A. of Warsaw,
- ING BANK ŚLĄSKI S.A. of Katowice,
- SOCIETE GENERALE S.A. of Paris,
- BANK HANDLOWY W WARSZAWIE S.A. of Warsaw, and
- BANK ZACHODNI WBK S.A. of Wrocław,
signed an amendment extending by 12 months, i.e. until December 20th 2015, the term of the credit facility agreement for refinancing and financing of Grupa LOTOS S.A.’s inventories, made on October 10th 2012 (see: Grupa LOTOS S.A.’s Current Reports No. 32/2012 of October 10th 2012 and No. 35/2012 of October 31st 2012), previously amended on November 7th 2013 (see: Grupa LOTOS S.A.’s Current Reports No. 27/2013 of November 7th 2013 and No. 28/2013 of November 28th 2013), providing for a revolving credit facility of up to USD 400m (i.e. PLN 1,328m as translated at the USD/PLN mid-exchange rate quoted by the National Bank of Poland for October 29th 2014).
The amendment was executed pursuant to the relevant provisions of the credit facility agreement of October 10th 2012, stipulating that its term may be extended for subsequent twelve-month periods.
The amendment contains no conditions precedent to its entry into force. The other legal terms of the credit facility agreement of October 10th 2012, as well as its provisions concerning penalties, have not been changed, and they do not differ from those commonly applied in agreements of such type. The financial covenants have been adjusted to current market conditions.
The agreement is classified as significant as its estimated value exceeds 10% of Grupa LOTOS S.A.’s equity.
The legal basis for the publication of this Current Report is Par. 5.1.3 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.
Not for release, publication or distribution, directly or indirectly, in or into the United States of America, Australia, Canada or Japan.
This communication is for informational and promotional purposes only and under no circumstances shall constitute an offer or invitation to make an offer, or form the basis for a decision, to invest in the securities of Grupa LOTOS S.A. (the “Company”). The prospectus which will be prepared in connection with the offering of the Company’s shares (the “Shares”) subject to pre-emptive rights (the “Prospectus”), upon its approval by the Polish Financial Supervision Authority, will be the sole legally binding document containing information about the Company and the offering of its Shares in Poland. The Prospectus will be made available in an electronic format on the website of the Company (www.lotos.pl) and, additionally, for information purposes, on the website of Powszechna Kasa Oszczędności Bank Polski S.A. Oddział – Dom Maklerski PKO Banku Polskiego w Warszawie (www.dm.pkobp.pl).
This communication does not constitute a recommendation within the meaning of the Regulation of the Polish Minister of Finance Regarding Information Constituting Recommendations Concerning Financial Instruments or Issuers Thereof dated 19 October 2005.
This communication (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan, or any other jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States of America, unless registered under the Securities Act or unless an exemption from the registration requirements set forth in the Securities Act applies to them. No public offering of the securities will be made in the United States of America.
Neither the Company nor any of its subsidiaries or any other related entities shall be held accountable for any damage resulting from the use of this communication or a part thereof, or its contents or in any other manner in connection with this communication.