Signing of an annex to the multi-purpose credit line agreements with Bank Pekao S.A.
Report No:33/2011
Legal basis:Art. 56 section 1 item 2 of the Act on Public Offering – current and interim information
Signatures:Marek Sobiecki, Second Vice President of the Management Board of P.R.I. “POL-AQUA” S.A.
Robert Molo, Member of the Management Board of P.R.I. “POL-AQUA” S.A.
Content:The Management Board of Przedsiębiorstwo Robót Inżynieryjnych “POL-AQUA” S.A. with its registered office in Piaseczno (“Company”) hereby informs that on this day the Company received an annexe dated July 29th, 2011 to the multi-purpose credit line agreement with Bank Polska Kasa Opieki S.A. dated July 3rd, 2006.
The first credit limit provides for a total debt not exceeding PLN 100 million - working capital facility (Overdraft).
The second credit limit provides for bank guarantees granted by the Bank, with the exception of guarantees securing repayment of loans or other similar transactions made in other banks or financial institutions (consolidated text Journal of Laws of 2002, No.72, Item 665, as amended) up to a total of PLN 70 million – guarantee limit.
The parties agreed to extend the maximum credit limit amounting to PLN 170 million until July 31st, 2012 and provided for the possibility of its further extension for the subsequent periods.
The contractual provisions are consistent with those commonly used for this type of agreement.
The amount of credit limit exceeds 10% of the sales revenues of the issuer's capital group.
POLAQUA Mostostal Wyroby betonowe TECO