RB 91/2017 – Amended Credit Agreement with PEKAO, BZ WBK, BGŻ BNP Paribas and ING Bank Śląski
19-04-2017

In regards to RB 61/2013 dated September 10th, 2013 and RB 20/2016 dated May 6th, 2016 concerning the Credit Agreement (“the Agreement”) concluded between AmRest Holdings SE (“AmRest”, “the Company”), AmRest Sp. z o.o. („AmRest Poland”) and AmRest s.r.o. – jointly „the Original Borrowers”, AmRest Kaffee Sp. z o.o., AmRest Coffee Deutschland Sp. z o.o. & CO. KG. and AmRest Kft., who joined the Agreement afterwards („Additional Borrowers”) and Bank Polska Kasa Opieki S.A., Bank Zachodni WBK S.A., Bank BGŻ BNP Paribas S.A. and ING Bank Śląski S.A. – „the Lenders”, the Management Board of the Company informs about signing on April 18th, 2017 another Annex to the Agreement introducing amended and restated version of the credit agreement („the Amended Agreement”) between all above-mentioned parties. AmRest Polska, AmRest s.r.o., AmRest Kaffee Sp. z o.o., AmRest Coffee Deutschland Sp. z o.o. & CO. KG. and AmRest Kft are 100% subsidiaries of AmRest.

Based on the Amended Agreement the Lenders increase revolving credit tranche (“Tranche D”) by PLN 50 million (“Tranche D3”) and grant to AmRest and AmRest Polska an additional credit tranche (“Tranche F”) in the amount of EUR 40 million. After fulfillment of additional terms defined in the Amended Agreement, the Lenders may also grant a new loan tranche ("Tranche G") in the amount of EUR 50 million.

The amount granted within Tranche F and D3 is dedicated to finance working capital and capital expenditures, while Tranche G is to finance or refinance costs of M&A activities.

The tranches are provided at the variable interest rates and other terms of the traches are consistent with the market conditions. All Original and Additional Borrowers bear joint liability for any obligations resulting from the Agreement.

All tranches are to be repaid in full by September 10th, 2018.

 

Legal act:

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

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