Brief: Zabka Group Signs Annex To Loan Deal With Financial Institutions

Zabka SA

17/12/2024 06:35

Dec 17 (Reuters) - Zabka Group SA  ZAB.WA :
    * SAID ON MONDAY IT HAS SINGED ANNEX TO LOAN AGREEMENT WITH
FINANCIAL INSTITUTIONS
    * SAID INSTITUTIONS ARE ING BANK, LONDON BRANCH (AS AGENT
AND
COLLATERAL AGENT) AND OTHER FINANCIAL INSTITUTIONS
    * UNDER ANNEX, AGREEMENT WAS MODIFIED TO ALLOW GROUP MEMBERS
TO
ISSUE UNSECURED BONDS UP TO A TOTAL OF 1 BILLION ZLOTYS AND TO
REDUCE INTEREST RATES
    * AGREEMENT WAS ALSO MODIFIED TO LIMIT SECURITIES TO PLEDGES
ON
SHARES IN DIRECT SUBSIDIARIES, ZABKA AUTOMATIC LOGISTICS, AND
GUARANTEES FROM KEY SUBSIDIARIES
    * IN ADDITION, RESTRICTIONS ON, AMONG OTHER THINGS, THE
TRANSFER
OF FUNDS AND THE DISPOSAL OF ASSETS BETWEEN GROUP MEMBERS HAVE
BEEN LIFTED

        
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 Further company coverage:  ZAB.WA  

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