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Current Report No. 8/2020

16.03.2020 18:00

Signing of the loan agreement with SMBC BANK EU AG

TAURON Polska Energia S.A. (”Issuer") announces that, on March 16, 2020, it concluded a loan agreement with SMBC BANK EU AG worth PLN 500 million ("Loan Agreement”), the proceeds from which may be used to cover the Issuer’s general corporate purposes, but excluding construction, acquisition, extension of any coal fired power plants and refinancing of any financial indebtedness that has been drawn specifically or expenditure borne for any such purpose.
In accordance with the Loan Agreement the Issuer will be able to utilize the funds within two months from the Loan Agreement date (after the suspending conditions that are standard for this type of financing have been met).
Loan repayment will take place after five years have elapsed from the date of concluding the Loan Agreement.
Interest will be calculated based on a fixed interest rate.

Art. 17 sec. 1 of MAR – inside information.

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