2010-05-24
Current report no 21/ 2010 - Signing an annex to the debt limit agreement with Raiffeisen Bank Polska SA
The Board of HYDROBUDOWA POLSKA S.A. (the "Issuer") informs that on the 24th of may 2010 it received information of signing on the 20th of April annex no 7 to the 28th of September 2007 debt limit agreement entered into by Companies of the PBG Capital Group, namely: PBG SA, INFRA SA, „METOREX” Ltd., "DROMOST" Ltd., HYDROBUDOWA 9 SA, PRID SA, APRIVIA SA, BETPOL SA and HYDROBUDOWA POLSKA SA.
By virtue of the signed annex the limit for using letters of credit and guarantees was extended to the 28th of November 2014 and the final payment time of revolving credits was extended to the 22nd of November 2010.
In connection to extending the debt limit payment deadline, the Borrowers filed a declaration of readiness to undergo execution of a sum of 217 500 000 PLN with the possibility of the Bank requesting to append the bank execution title an enforcement clause until the 28th of November 2017.
Other significant agreement provisions remain unchanged.
The Issuer informed of entering into the debt limit agreement with Raiffeisen Bank Polska SA in the current report no 44/2009 from the 1st of September 2009 and the information was further updated by the current report no 62/2009 from the 9th of December 2009.
The report is available on the Issuer’s website under the address: http://hbp-sa.pl/relacje-inwestorskie/raporty-biezace/raport-biezacy-nr-44-2009-zawarcie-aneksu-do-umowy-o-limit-wierzytelnosci-z-raiffeisen-bank-polska-sa.html
Legal foundation Art. 56 item 5 of the Offer Act – information update
