Early prepayment of a part of the term loan by a subsidiary of Cyfrowy Polsat S.A.

03 Apr 2015

The Management Board of Cyfrowy Polsat S.A. (the "Company") informs that on April 3, 2015, Polkomtel Sp. z o.o., a wholly owned subsidiary of the Company ("Polkomtel"), submitted to the SFA Agent an instruction for initiating the procedure of early prepayment of a part of the term loan in the amount of PLN 600 million. The prepayment, along with the allocation to individual credit tranches, is to be effected on April 13, 2015.

The Senior Facilities Agreement for the total amount of PLN 7.95 billion was signed on June 17, 2013 between Eileme 2 AB (publ) Group, of which Polkomtel is a member, and a consortium of Polish and foreign banks and financial institutions. The effected early prepayment of a part of the term loan has no impact on the provisions of the Senior Facilities Agreement. The final repayment date for the entire facility is June 24, 2019.

The Company’s Management Board has decided that this information is material because the reduction of Polkomtel’s debt has an impact on the reduction of subsequent principle instalments and accrued interests, which in turn should have a positive impact on the financial standing of Polkomtel and the entire capital group of the Company in the future.

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Last updated 04/03/2015