Title: Synthos Finance AB report on conclusion of a facilities agreement by Synthos S.A. and certain of its subsidiaries.
Management Board of Synthos S.A. (the "Parent Guarantor") hereby informs that new credit facilities agreement was concluded on April 5th, 2018 (the "Facilities Agreement") by the Parent Guarantor and certain of its subsidiaries as the borrowers and Powszechna Kasa Oszczędności Bank Polski S.A., Bank Polska Kasa Opieki S.A., Bank BGŻ BNP Paribas S.A., Bank Zachodni WBK S.A. and ING Bank Śląski S.A. as the lenders.
The total amount of the facility is up to EUR 850,000,000 and may be utilized in EUR, PLN or other currencies agreed between relevant borrowers and relevant lenders. The framework of the facility provides for it to be granted by way of inter alia overdraft facility, letters of credit, guarantees and any other facility or accommodation agreed by the relevant borrowers and the relevant lenders, save for the amount of EUR 400,000,000 which can be utilized solely for the purpose of redemption of notes, issued by Synthos Finance AB under indenture dated 30 September 2014 ("the Notes"). The financing under Facilities Agreement is provided for 7 years term and will replace EUR 220,000,000 revolving facilities agreement dated 7 June 2016.
The Facilities Agreement was concluded as unsecured, however provides the possibility to establish certain securities, but in no event when any notes (including the Notes) of the nominal value of not less than EUR 250,000,000 are outstanding.
The Facilities Agreement fully reflects the Parent Guarantor's financial policy to secure stable middle- and long-term sources of core financing to support operations of Synthos Group.
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
This information is provided by RNS