Dla inwestorów

Home > News > Current reports > 10-2016 Long term financing agreement

10-2016 Long term financing agreement

Current Report (10/2016)
Orange Polska S.A. – Warsaw, Poland
4 February 2016

Pursuant to article 5(1.3) of the Decree of the Minister of Finance of 19 February 2009 on current and periodic information disclosed by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws of 2009, No. 33, item 259, as amended), the Management Board of Orange Polska S.A. (“Orange Polska” or “the Company”) hereby informs about financing agreement concluded by Orange Polska.

Orange Polska concluded long term financing agreement with the Orange SA Group.

On February 3, 2016, in accordance with the Orange Polska Management Board’s decision and the Supervisory Board’s positive opinion, Orange Polska concluded with Atlas Services Belgium S.A. (a wholly-owned subsidiary of Orange S.A.) a loan agreement up to the amount of PLN 2700 million with a maturity in June 2021.
The financial terms of the aforementioned agreement are based on market conditions. The interest on the amounts drawn will be based on the Wibor rates for the relevant interest periods plus a margin specified in the agreement.
The funds raised from the financing will be used to cover the general corporate purposes of the Company including finance a part of the one-off fees for reservation of LTE frequencies (in the 800 MHz i 2600 MHz) and to refinance the loan granted in 2013 by Atlas Sevices Belgium S.A. in amount of EUR 280 million, maturing on March 31, 2016.
The Agreement is not collateralized by any specific assets of the Company and constitute an equivalent liability with respect to Orange Polska’s other debt liabilities on the account of loans or securities issued.
The agreement is considered significant, because a total amount exceeds 10% of Orange Polska’s equity.
Orange SA is a shareholder of Orange Polska, holding a 50.67% stake in Orange Polska, which corresponds to 50.67% of the total voting power on the AGM of the Company.

Top of page

Orange Polska SA* share price