Current Report No.: 36/2010
Date:
06.17.2010
Conclusion of a credit agreement with Bank Polska Kasa Opieki S.A.
The Management Board of Energomontaż-Południe S.A. (the Issuer or Company) announces that, on 17 June 2010, the Company concluded a working capital credit facility agreement with Bank Polska Kasa Opieki S.A. (the Bank) up to the amount of PLN 30 million (the Agreement). The facility will be drawn down in tranches depending on financial requirements of the Issuer. With the Agreement's provisions in mind, funds obtained from the facility will be earmarked for financing a commercial contract.
The facility will be repaid successively and the date of final repayment will be 30 November 2010. The applicable interest rate will be based on the 1M WIBOR money market rate increased by the Bank's margin.
The transfer of commercial receivables and the power of attorney to the current accounts of the Issuer kept with the Bank constitutes security for the repayment of the credit facility.
The remaining conditions of the Agreement do not diverge from those typical for that type of agreement.
The Agreement is deemed to be significant in view of the fact that its value exceeds 10 per cent of the Issuer's equity.
The remaining conditions of the Agreement do not diverge from those typical for that type of agreement.
The Agreement is deemed to be significant in view of the fact that its value exceeds 10 per cent of the Issuer's equity.
SIGNATURES OF THE PERSONS REPRESENTING THE COMPANY
| Andrzej Hołda |
-President of the Management Board |
| Alina Sowa |
-Vice President of the Management Board |
Legal grounds: 56 par. 1 pt. 2 of the Act on Offerings – current and periodic information
Attachment:
| Conclusion of a credit agreement with Bank Polska Kasa Opieki S.A. |  0,03 MB |
