Brief: Wirtualna Polska Holding and Wirtualna Polska Media Sign Loans Deal For Up To 978 Mln Zlotys

Wirtualna Polska Holding SA

26/02/2020 07:59

Feb 26 (Reuters) - Wirtualna Polska Holding SA  WPPL.WA :
    * SAID ON TUESDAY THE COMPANY TOGETHER WITH WIRTUALNA POLSKA
MEDIA
HAVE SIGNED A LOANS DEAL FOR UP TO 978 MLN ZLOTYS TOTAL WITH A
CONSORTIUM OF BANKS CONSISTING OF MBANK, PKO BP, ING BANK
SLASKI, PEKAO AND BNP PARIBAS BANK POLSKA
    * UP TO 602 MLN ZLOTYS IS INTENDED FOR FINANCING AND
REFINANCING
ACQUISITIONS AND CAPEX SPECIFIED IN THE NEW LOAN AGREEMENT
    * THE LOANS ARE ALSO INTENDED FOR FINANCING OF THE COMPANY'S
CURRENT OPERATIONS, REVOLVING CAPITAL AS WELL AS CURRENT DEBT
FROM A DEC 12, 2017 LOANS DEAL WITH MBANK, PKO BP AND ING BANK
ACTING IN CONSORTIUM
    * WITH THE INCREASED CREDIT LINE THE COMPANY INTENDS TO
CONTINUE
ITS STRATEGY OF BUSINESS EXPANSION THROUGH ACQUISITIONS IN THE
E-COMMERCE AND ONLINE MEDIA MARKET

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM6Hk8kZa
    
 Further company coverage:  WPPL.WA  
   


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