AI assistant
Kruk S.A. — Capital/Financing Update 2021
Jun 17, 2021
5678_rns_2021-06-17_40c85226-4240-401e-a505-24dd1a6fe1f9.html
Capital/Financing Update
Open in viewerOpens in your device viewer
Current Report No. 27/2021
Date: June 17th 2021
Subject: Execution of debt assignment agreements on Italian market
Legal basis: Article 17(1) of MAR - Inside information
Text of the report:
The Management Board of KRUK S.A. (the "Company") announces that todayagreements (the "Agreements") were concluded between the Company'ssubsidiary Kruk Investimenti s.r.l. of Milan (the "Buyer") and UniCreditS.p.A. of Milan (the "Seller"). The Agreements provide for the purchaseof debt portfolios comprising unsecured consumer loans, with anaggregate nominal value of up to EUR 304m (PLN 1.4bn translated at theaverage exchange rate quoted by the National Bank of Poland for June17th 2021). The Agreements stipulate that debt portfolios with a nominalvalue of up to EUR 250m (PLN 1.1bn translated at the average exchangerate quoted by the National Bank of Poland for June 17th 2021) will bepurchased in four tranches between June 2021 and March 2022. TheAgreements do not provide for any contractual penalties, and their otherterms do not differ from standard market terms applied in agreements ofsuch type.