RB 25/2023 Signing of the financing agreement

AmRest Holdings, SE (“AmRest” or the “Company”), in compliance with the provisions of article 227 of Law 6/2023 of 17 March on Securities Markets and Investment Services and related provisions, hereby announces that today (i.e. 11 December 2023) it has signed a financing agreement for an amount of EUR 800,000,000 (the “Agreement”) with the following terms and conditions:

  • Lenders:
    • Banco Bilbao Vizcaya Argentaria, S.A.,
    • BNP Paribas Bank Polska S.A.,
    • Bank Polska Kasa Opieki S.A.,
    • Česká Spořitelna, A.S.,
    • Coöperatieve Rabobank U.A.,
    • ING Bank Śląski S.A.,
    • Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna,
    • Banco Santander, S.A. and Santander Bank Polska S.A.
  • Tranches and purposes:
    • Facility A: for an amount of EUR 560,000,000 - for the repayment of the existing debt,
    • Facility B: for an amount of EUR 110,000,000 - for CAPEX, general corporate purposes and to finance the organic growth of the Company and its group (the “Group”), and
    • Facility C: revolving facility for an amount of EUR 130,000,000 - to finance the Group’s working capital.
  • The payment calendar does not foresee any mandatory prepayment during the first two years, with a quarterly repayment calendar starting on 31 December 2025 and a final maturity in December 2028.
  • Cost of the debt: Euribor + 2.50% that will be reduced or increased depending on the leverage ratio of the Group.

The Agreement is subject to the fulfillment of certain obligations that are customary in this type of transactions (including maintaining certain financial ratios) and is guaranteed by certain companies of the Group.

The disbursement of the Facility A of the new Agreement will take place in the following days, once the conditions to which it is subject are complied with, which will be duly informed to the market. The Company will be able to dispose of the rest of the facilities in accordance with its needs during the validity of the Agreement.