The Management Board of TelForceOne S.A. (hereinafter referred to as “the Issuer“) with its seat in Wrocław announces that the Issuer’s subsidary myPhone sp. Z o.o., with its seat in Warsaw, on 18 January 2016 concluded with the Bank Polska Kasa Opieki S.A., with its seat in Warsaw, the Revolving Working Capital Facility Agreement, dedicated to the purchase of goods connected with orders for P4 sp. z o.o. (Play mobile network operator).
The total value of credit amounts USD 2 000 000 (say: two millions us dollars),the equivalent of PLN 8 226 600 (say: eight million, two hundred twenty-six thousand, six hundred polish zloty) at the average exchange rate announced bthe National Bank of Poland on the conclusion date.
The above-mentioned credit bear interest at rate based on LIBOR 1M plus banks‘ margin.
The above-mentioned credit is given on conclusion date and is available until 15 May 2017, and will be used by myPhone Sp. z o.o. until 31 January 2017.
The above-mentioned loan agreement is secured by:
Assignment of receivables;
Power of Attorney to Issuer’ Bank Accounts;
Partial Guarantee of the Issuer;
Statements of Execution;
The remaining terms of the Agreement are standard terms for this type of transaction. The Agreement has been considered significant on the basis of the Issuer’s equity criteria.
Legal basis: § 5 sec. 1 point 3 and § 9 of the Decree of the Minister of Finance dated 19 February 2009 regarding current and periodic information published by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (unified text: Journal of Laws from 2014 No. 133).