Brief: Polenergia Unit To Get Max. 90 Mln Zloty Financing To Construct PV Farm

Mbank SA

02/07/2024 14:25

July 2 (Reuters) - Polenergia SA  PEPP.WA :
    * UNIT SIGNS LOAN DEAL WITH MBANK AND PEKAO
    * UNDER DEAL BANKS TO PROVIDE LOAN OF UP TO 90 MILLION
ZLOTYS FOR
FINANCING OF PV FARM CONSTRUCTION
    * UNDER DEAL UNIT CAN CONDITIONALLY INCREASE ITS DEBT
ENGAGEMENT
    * BANKS TO ALSO PROVIDE VAT LOAN OF UP TO 20.0 MILLION
ZLOTYS, DSR
LOAN OF UP TO 6.5 MILLION ZLOTYS
    * UNDER DEAL UNIT TO PAY BACK FINANCING LOAN, DSR LOAN NO
LATER
THAN 15 YEARS AFTER COMPLETION OF CONSTRUCTION PROJECT OR UNTIL
JUNE 16, 2040
    * UNDER DEAL UNIT TO ALSO PAY BACK VAT LOAN SIX MONTHS AFTER
FINAL
DATE OF CONSTRUCTION CLEARANCE OR UNTIL END-APRIL 2026

Source text for Eikon:  ID:nEMbtq5t7a 
Further company coverage:  PEPP.WA  MBK.WA  PEO.WA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))