The Management Board of Toya S.A. hereby informs that on 26 September 2012 TOYA S.A. („Debtor”) has signed significant agreement – Multi-purpose credit facility agreement no WAR/4060/12/102/CB with BNP Paribas Bank Polska S.A. seated in Warsaw, in the amount of PLN 35 000 000 with the settlement date on 24 September 2013.
The agreement will come into force after total settlement of the liability in accordance with Overdraft facility agreement with Bank Zachodni WBK S.A. seated in Wrocław, amounting to PLN 35 000 000 with settlement date on 30 September 2012 and after the mortgage is effective. The credit facility is secured by mortgage on property located in Wrocław, Sołtysowicka 39 accompanied by transfer of rights from insurance policy of this property, transfer of title to inventory located in the warehouse in Wrocław, Sołtysowicka 13-15 accompanied transfer of rights from insurance policy for inventory and assignment of trade receivables arising from sale of goods to domestic customers.
Terms and conditions are similar to those commonly used for this type of agreement.
As compared to the repaid credit in Bank Zachodni WBK S.A. the Company will achieve significant savings in financial costs and will gain more flexibility in usage of the credit facility.
The criteria for designating this as a significant agreement is that the value of the agreement exceeds 10% of the amount of equity of Toya S.A.
Legal basis: §5 paragraph 1 point 3 of the Regulation of the Minister of Finance on current and periodic information provided by issuers of securities and on conditions under which information required by legal regulations of a third country may be recognized as equivalent.
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Grzegorz Pinkosz President of the Management Board |
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Dariusz Hajek Vicepresident of the Management Board |