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Kruk S.A. — Capital/Financing Update 2024
May 21, 2024
5678_rns_2024-05-21_ba5cd96b-ae13-4eaa-b88b-3c5a3c5040df.html
Capital/Financing Update
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Report Content Current Report No. 40/2024
Date: May 21st 2024
Subject: Execution of annex to syndicated revolving credit facilityagreement
Legal basis: Article 17(1) of MAR - Inside information
Text of the report:
Further to Current Report No. 35/2017 and Current Reports No. 43/2019,No. 40/2021, No. 54/2021, No. 47/2022, No. 20/2023, No. 63/2023 and No.82/2023, the Management Board of KRUK S.A. (the "Company") announcesthat the Company and its subsidiaries (jointly the "Borrowers") haveexecuted an annex (the "Annex") to the revolving multi-currency creditfacility agreement (the "Credit Facility") entered into with a syndicateof banks, which Agent is DNB Bank ASA.
The Annex provides for an increase in the Credit Facility limit, up toEUR 625m. Prior to the execution of the Annex, the amount availableunder the Credit Facility was EUR 575m.
At the same time, the amount of the surety provided for the liabilitiesarising under the Credit Facility and the declaration of submission toenforcement stands at approximately EUR 937.5 million.
No other terms of the Credit Facility agreement have been materiallyamended.