Brief: Rafako Signs Implementation Deal On State Aid Bond Issue

Rafako SA w upadlosci

27/12/2022 07:19

Dec 27 (Reuters) - Rafako SA  RFK.WA :
    * SAID ON FRIDAY IT HAS SIGNED IMPLEMENTATION AGREEMENT TO
DECISION ON GRANTING STATE AID FOR RESTRUCTURING VIA BOND ISSUE
    * AGREEMENT SIGNED WITH POLAND'S INDUSTRIAL DEVELOPMENT
AGENCY
(ARP) AND TRIGON DOM MAKLERSKI
    * TOTAL BOND VALUE IS 100.0 MILLION ZLOTYS
    * TOTAL OF 100 BONDS WILL BE ISSUED IN N, O AND P SERIES
    * REDEMPTION DATE FOR SERIES N SET AT DEC 31, 2028, FOR
SERIES O
AT DEC 31, 2029 AND FOR SERIES P AT DEC 31, 2030
    * COMPANY IS OBLIGED TO OFFER CONVERTIBLE BONDS TO STATE
TREASURY
OF VALUE EQUAL TO CURRENT BOND ISSUE OTHERWISE INTEREST RATE
WILL INCREASE TO ANNUAL 6% FROM 5%
    * COMPANY TO OFFER CONVERTIBLE BONDS BY END-2025 BUT NO
LATER THAN
SIX MONTHS FROM WHEN LEGALLY POSSIBLE

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1nXMQta
 Further company coverage:  RFK.WA  
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))