Signing of a loan agreement with European Investment Bank
Art. 17 sect. 1 of MAR – inside information.
Contents of the report
The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) discloses that on February 3, 2023 PGE has signed a loan agreement (the “Agreement”) with European Investment Bank (“EIB”). The value of the loan agreement amounts to PLN 1 400 000 000, the loan will be intended for implementation of the projects in the distribution segment, including MV lines cabling program, connection of new off-takers and generating units as well as installation of smart meters. Investments are planned to be implemented in years 2022-2025.
Loan availability period is 24 months from the Agreement signing date and the maturity date will be maximum 18 years from the drawing date of the last installment under the Agreement. The interest rate will be determined before the payment of the each installment. The Agreement does not provide for tangible collaterals. After signing the above mentioned Agreement, total nominal value of the financing from EIB amounts to PLN 5 662 500 000.
Signatures of persons representing the company
|Date||Name||Position and function|
|2023-02-03||WOJCIECH DĄBROWSKI||PREZES ZARZĄDU|
|2023-02-03||LECHOSŁAW ROJEWSKI||WICEPREZES ZARZĄDU|