Polsat Plus Group concluded a Senior Facilities Agreement with a consortium of Polish and foreign financial institutions which will be utilized for investment projects, the repayment in full of the indebtedness under the previous credit facilities and the financing of general corporate needs. The agreements concluded are linked with sustainable development goals pursued by Polsat Plus Group through environmental, social and corporate governance activities. The credit facilities will be in zlotys and euros, with a final repayment date of 2028.
Polsat Plus Group signed a credit facilities agreement that provides for a PLN term facility loan to be granted up to a maximum amount of PLN 7,255 million, a EUR term facility loan up to a maximum amount of EUR 506 million and a revolving facility loan up to a maximum amount of the equivalent of PLN 1,000 million. The agreement was concluded with a consortium of Polish and foreign financial institutions led by Powszechna Kasa Oszczędności Bank Polski S.A., Santander Bank Polska S.A., Bank Polska Kasa Opieki S.A., BNP Paribas Bank Polska S.A., ING Bank Śląski S.A., (Global Banking Coordinators) and Santander Bank Polska S.A. (ESG Senior Coordinator), ING Bank Śląski S.A. and BNP Paribas Bank Polska S.A. (ESG Junior Coordinators) and including SMBC Bank EU AG, Bank of China Limited, Luxembourg Branch, Société Générale Spółka Akcyjna Oddział w Polsce, Bank Gospodarstwa Krajowego, Bank Millennium S.A., PZU Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych BIS 1, mBank S.A., Credit Agricole Bank Polska S.A., Erste Group Bank AG, Credit Agricole Corporate and Investment Bank, Bank Ochrony Środowiska S.A., Alior Bank S.A., Powszechny Zakład Ubezpieczeń S.A., Powszechny Zakład Ubezpieczeń na Życie S.A., Industrial and Commercial Bank of China (Europe) S.A. (Spółka Akcyjna) Oddział w Polsce, Haitong Bank S.A. Spółka Akcyjna Oddział w Polsce as well as Santander Bank Polska S.A. acting as an Agent and Bank Polska Kasa Opieki S.A. acting as a Security Agent.
- I am pleased with the agreements, especially since the financing market is currently very difficult and challenging due to high interest rates, the continued global political instability and Russia's ongoing assault on Ukraine. I am proud that major, key Polish and international financial institutions placed their trust in us and decided to participate in this agreement. This is undoubtedly a success for both the entire team at Polsat Plus Group and everyone engaged on the financial institutions’ side. I would like to thank everybody for their dedication and efforts, which led effectively to the conclusion of our agreements - says Katarzyna Ostap-Tomann, Management Board Member responsible for finance at Cyfrowy Polsat and Vice President responsible for finance at Polkomtel, Polsat Plus Group. – It is very important both for us and the institutions involved to link the agreements to the sustainability goals that we are pursuing through, among other things, the implementation of our Strategy 2023+, as well as actions in support of the environment and society – adds Katarzyna Ostap-Tomann.
The concluded loan agreements are linked to the sustainability goals which Polsat Plus Group is implementing mainly through its Strategy 2023+ - investments in zero-emission power generation capacity, production of green energy and transition of the Group companies to use solely clean, green energy in their operations. One of the factors on which the loan margin will depend is the achievement of certain targets related to the production and consumption of clean, zero-carbon energy by Polsat Plus Group companies.
