The Management Board of P4 sp. z o.o. (“Issuer”, “Play”), the company belonging to French iliad group, hereby informs that on March 26, 2021, the Issuer signed with Credit Agricole Corporate and Investment Bank, Raiffeisen Bank International AG and Santander Bank Polska as Mandated Lead Arrangers and Underwriters as well as with above mentioned banks and Credit Agricole Bank Polska as Original Lenders, the new Term and Revolving Facilities Agreement amounting to PLN 5.5 billion (“Facilities Agreement”, “Facilities”).
Upon fulfilment of conditions precedent, Term Facility in the amount of PLN 3.5 billion will be granted for a period of 5 years, and the Revolving Facility of PLN 2 billion will be available for the period of 3 years with an option to extend tenor or convert to a Term Facility upon the consent of the Lenders. The Facilities Agreement is unsecured. The Facilities may be utilized for repayment of existing indebtedness of the Issuer and for general corporate purposes.
The interest rate of the Facilities is floating and based on WIBOR rate plus a margin, being subject to the leverage of Play, which maximum level, calculated as consolidated adjusted EBITDAaL to consolidated net debt, was set at 3.25x.
Legal basis: Art. 17 MAR