The Management Board of P4 sp. z o.o. (“Issuer”, “Play”), the company belonging to French iliad group, hereby informs that on December 10, 2021, the Issuer has signed with BNP Paribas Bank Polska S.A., Crédit Agricole Corporate and Investment Bank, ING Bank N.V., Powszechna Kasa Oszczędności Bank Polski S.A., Raiffeisen Bank International AG, Santander Bank Polska S.A. oraz Société Générale as mandated lead arrangers and underwriters as well as with above mentioned banks and Crédit Agricole Bank Polska S.A. and ING Bank Śląski S.A. as original lenders, the new credit facility agreement amounting to PLN 5.5 billion (“Facility Agreement”, “Term Loan”).

The funds from the Facility Agreement will be utilized to partially finance the acquisition of shares in UPC Polska sp. z o.o. (ESPI report dated September 22, 2021), which is conditional to approval of the relevant antitrust authorities. The closing of the transaction is expected in the first half of 2022.

Utilization of the loan requires fulfilment of the conditions precedent. The repayment date of the Term Loan was set for March 26, 2026. The interest rate of the Term Loan 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. The Facilities Agreement is unsecured.

Legal basis: Art. 17 MAR