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Answear.com S.A. — Capital/Financing Update 2022
Jun 17, 2022
5501_rns_2022-06-17_90ef846a-44b3-4ad4-be09-9c95691d9b69.html
Capital/Financing Update
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The Management Board of Answear.com SA (hereinafter: _quot;the Company_quot;)informs that on 15th June 2022 the Company concluded an Annex in a formof a unified text to the Framework Agreement no. 11/010/17/Z/PX withmBank SA with its registered seat in Warsaw (hereinafter: _quot;Annex_quot;), onthe basis of which mBank prolonged and increased the line for financingthe current activity of the Company.Pursuant to the Annex, mBankwill increase the line for financing current operations of the Companyfrom the existing PLN 44,000,000 to PLN 80,000,000.
Within this line, the Company may use the following Products:
- A guarantee of timely payments up to PLN 15,000,000
- Overdraft facility up to PLN 20,000,000
- Revolving credit facility up to PLN 45,000,000
The line is available until 20 October 2023.
The collateral for mBank's has not changed and consist of:1. Blankpromissory note issued by the Company, accompanied by the Borrower'spromissory note declaration
2. Assignment to the Bank of receivables due to the Company from PayUS.A. under the agreement for Payment Card Payment Services andElectronic Payment Services
3. Registered pledge on securities deposited on the investment accountin mBank SA with the registered office in Warsaw - 6,593,973 shares,issued by VRG SA (formerly VISTULA GROPUP SA) with code PLVSTLA00011,owned by Forum X FIZ
4. registered pledge on the trademark answear, owned by the Company.
The Company will also provide mBank with a statement on submission toenforcement in accordance with Article 777 § 1.5 of the Code of CivilProcedure, in the form of a notarial deed, up to the amount of PLN120,000,000 specifying the deadline for filing an application for anenforcement clause until 30 June 2025.