RB 9/2019: Loan agreement within Benefit Systems’ capital group


RB: 9/2019
Date: 12 February 2019
Loan agreement within Benefit Systems’ capital group
Legal basis: Article 17 Sec. 1 MAR - inside information

Text of the report:

The Management Board of Benefit Systems S.A. with its registered seat in Warsaw (hereinafter, the “Issuer”) informs that on 12 February 2019 a loan agreement was concluded ("Loan agreement") between the Issuer (“Lender”) and Benefit Partners sp. z o.o. with its registered seat in Warsaw ("Borrower"), a subsidiary of the Issuer, in the amount of PLN 9 million. As a result of this agreement the total value of loans concluded between the Lender and the Borrower in the last 12 months has reached PLN 40 million.

The loan amount may be distributed in tranches in accordance with the Borrower's needs. The interest rate on the loan is floating and was determined on market terms. The loan is to be repaid by 31 January 2023. The loan agreement does not include any conditions precedent, conditions subsequent and contractual penalties. Other terms of the Loan Agreement do not differ from those commonly used in this type of agreements.

The loan will enable the Borrower to finance operations of sport equipment leasing.
 

DateFirst name and surnamePosition/function
12 February 2019Izabela Walczewska-SchneyderMember of the Management Board
12 February 2019Emilia RogalewiczMember of the Management Board

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