RB 56/2010 - Credit Agreement with PEKAO, RBS Poland, RBS and BZ WBK

The Management Board of AmRest Holdings SE (“AmRest”) informs about signing on 11th October 2010 a Credit Agreement („the Agreement”) between AmRest, AmRest Sp. z o.o. („AmRest Poland”) and AmRest s.r.o. („AmRest Czech”) – jointly „the Borrowers” and Bank Polska Kasa Opieki S.A. („PEKAO”), RBS Bank Polska S.A. („RBS Poland”), Royal Bank of Scotland N.V. („RBS”) and Bank Zachodni WBK S.A. („WBK”) – jointly „the Lenders”. AmRest Poland and AmRest Czech are 100% subsidiaries of AmRest.

Based on the Agreement the Lenders grant to the Borrowers a credit facility in the amount up to PLN 440 milion.  The facility shall be repaid by 11th October 2015 and consists of two tranches. Tranche A, PLN 240 million, is dedicated for repayment of all obligations under loan agreements signed with PEKAO, WBK, ABN AMRO Bank (Polska) S.A and ABN AMRO Bank N.V. (agreement dated 15th December 2008 mentioned in RB 90/2008, „the 2008 Agreement”). Tranche B, PLN 200 million, granted as a revolving credit facility, is dedicated for repayment of the obligations under the 2008 Agreement and financing development activities of AmRest. All Borrowers bear joint liability for any obligations resulting from the Agreement.

The credit is provided at the variable interest rate. The credit is available in the following currencies PLN, USD, EUR and CZK.

Legal act:
§ 56 (1.2) of the Offering Act dated July 29th 2005