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Current Report No. 38/2018

19.12.2018 00:40

Signing of the loan agreement with Bank Gospodarstwa Krajowego

​TAURON Polska Energia S.A. (”Company") informs that on December 19, 2018, the Company and Bank Gospodarstwa Krajowego (”BGK”) signed a loan agreement for the amount of PLN 1 000 000 000 (”Loan Agreement”), the proceeds from which will be used to:

1) refinance the Company’s bonds underwritten by BGK in 2014-2015 with maturity dates falling in 2019-2020 (in the total amount of PLN 270 000 000),

2) finance TAURON Group’s capital expenditures.

In accordance with the Loan Agreement the funds will be made available by December 31, 2020, and they will be repaid in equal principal installments from 2024 to 2033. The interest rate will be set based on a floating interest rate (WIBOR 6M) increased by BGK’s margin.

The signing of the Loan Agreement will contribute to strengthening of the Company’s financial stability as a result of obtaining a new source of financing and extending the debt maturity date.

The loan will be launched after the standard suspending conditions in case of this type of financing have been met.

Legal basis: Art. 17, clause 1 of MAR – inside information​


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