Conclusion of a conditional annex to the loan agreement by the Wirtualna Polska Holding SA Capital Group in order to increase the credit line to finance acquisitions
Current report no. 4/2025 dated 7 February 2025
Conclusion of a conditional annex to the loan agreement by the Wirtualna Polska Holding SA Capital Group in order to increase the credit line to finance acquisitions
Legal basis: art. 17 section MAR 1
Content of the Report:
The Management Board of Wirtualna Polska Holding SA ("Company") informs, in connection with current report no. 4/2024 of 20th of March 2024 and current report no. 23/2024 of 23rd of December 2024, that on February 7, 2025, a conditional annex to the loan agreement of 20th of March 2024 ("Loan Agreement") was concluded between the Company and Wirtualna Polska Media SA ("WPM") - as borrowers ("Borrowers"), TotalMoney.pl sp. z o. o., Wakacje.pl SA, Stacja Służew Sp. z o. o., Audioteka Group Sp. z o. o., Nocowanie Sp. z o. o., Extradom Sp. z o. o., WP Naturalnie Solar 1 Sp. z o. o., WP Naturalnie Solar 2 Sp. z o. o., Szallas Group Zártkörűen Működő Részvénytársaság , Szallas.hu Zártkörűen Működő Részvénytársaság, Online Holding sro - as guarantors and a consortium of banks consisting of: (i) mBank SA with its registered office in Warsaw, ("Credit Agent") (ii) Powszechna Kasa Oszczedności Bank Polski SA with its registered office in Warsaw, (iii) ING Bank Śląski SA with its registered office in Katowice, (iv) Bank Polska Kasa Opieki SA with its registered office in Warsaw and (v) BNP Paribas Bank Polska SA with its registered office in Warsaw as lenders ("Lenders") ("Annex").
Pursuant to the Annex, among other things, a new lender, i.e. Bank Handlowy w Warszawie S.A. with its registered office in Warsaw, joins the Loan Agreement, the Lenders will grant a new Capex loan in PLN and a new Capex loan in EUR, and the total maximum amount of the loans will be increased to PLN 1,766,931 thousands and EUR 101,000 thousands and the Credit Agreement will be amended and unified ("Amended and Unified Credit Agreement").
In accordance with the Annex, the financing granted may be used in particular to finance and refinance the acquisition and investment expenditure specified in the Amended and Unified Credit Agreement, including in connection with the conclusion of the transaction to purchase shares in Invia Group SE, about which the Company informed in current report no. 24/2024 dated December 23, 2024 ("Transaction"),
The entry into force of the Annex is subject to the fulfillment of the conditions precedent and the closing of the Transaction. The Company will inform about the fulfillment of the condition precedent in a separate report.
Other material provisions of the Loan Agreement, about which the Company informed in the current report no. 4/2024 of March 20, 2024, are not changed under the Annex.
Legal basis: art. 17 section 1 Regulation No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directive 2003/124/EC , 2003/125/EC and 2004/72/EC .
Signatures of persons representing the company:
Jacek Świderski - President of the Management Board
Elżbieta Bujniewicz-Belka – Member of the Management Board