Brief: Grupa Azoty Signs Waiver And Amendment Letters With Financial Institutions

Grupa Azoty Zaklady Chemiczne Police SA

01/09/2023 07:56

Sept 1 (Reuters) - Grupa Azoty SA  ATTP.WA :
    * SAID ON THURSDAY THAT TOGETHER WITH UNIT GA ZAKLADY
CHEMICZNE
POLICE IT HAS SIGNED WAIVER AND AMENDMENT LETTERS WITH FINANCIAL
INSTITUTIONS
    * THE FINANCIAL INSTITUTIONS AGREED TO WAIVE THE APPLICATION
OF
SELECTED TERMS AND CONDITIONS OF COMPANY'S FINANCING AGREEMENTS,
INCLUDING CONSENT TO WAIVE THE APPLICATION OF THE NET
DEBT/EBITDA RATIO CALCULATED AS AT JUNE 30, 2023
    * WAIVER OF SELECTED TERMS AND CONDITIONS OF FINANCING
AGREEMENTS,
INCLUDING THE WAIVER OF THE NET DEBT/EBITDA RATIO ON SUCCESSIVE
TESTING DATES UNTIL DECEMBER 2024, IS SUBJECT TO FURTHER
NEGOTIATIONS WITH GRUPA AZOTY'S FINANCING INSTITUTION
    * GRUPA AZOTY FULFILLS ALL OBLIGATIONS RELATING TO THE
SERVICING
AND REPAYMENT OF LIABILITIES UNDER THE FINANCING AGREEMENT ON AN
ONGOING BASIS, AND THE AVAILABLE LIMITS OF THE FINANCING
AGREEMENTS ENSURE LIQUIDITY AND SECURITY OF FINANCING FOR THE
GROUP AND ITS SUPPLIERS AS WELL AS BUSINESS CONTINUITY

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMbKcPmKa
 Further company coverage:  ATTP.WA  

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