The Management Board of AmRest Holdings SE („AmRest”, “the Company”) informs that the Company signed on June 26th, 2017 an agreement concerning the issue of Schuldscheindarlehen („SSD”) debt instrument under German law for the total value of EUR 75 million (PLN 316 million). The expected date of incurring the liabilities is July 3rd, 2017. SSD issue will be aimed at diversification of AmRest’s debt financing sources. The proceeds will be used for the development of the Company and refinancing of its debt.
The SSD interest will be fixed on the following tranches: EUR 45.5m - repayment due on July 1st, 2022 and EUR 20m - repayment due on July 3rd, 2024. EUR 9.5m tranche will be issued with variable interest rate and repayment date of July 3rd, 2024.
The role of the Lead Arranger and Paying Agent was entrusted to Erste Group Bank AG with CaixaBank S.A. and Bank Zachodni WBK S.A. acting as Co-lead Arrangers.
Art. 17 Sec. 1 of Regulation (EU) 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 Directives 2003/124/EC, 2003/125/EC and 2004/72/EC