The Management Board of Cyfrowy Polsat S.A. (the Company) hereby informs that on June 28, 2013 the Company partly pre-paid the Term Facility Loan in the amount of PLN 100 million (one hundred million zlotys).
The Term Facility Loan was granted to the Company on March 31, 2011 by the syndicate of Polish and international banks, which was disclosed by the Company in the current report no. 11/2011 of March 31, 2011, and it totaled to PLN 1,400 million. The above-mentioned pre-payment does not affect any provisions of the term loan agreement. The final facility repayment date is December 31, 2015. As of March 31, 2013, the total Term Loan liability amounted to PLN 823 million, and net debt/EBITDA ratio was 1.93x.
The Management Board considers this information significant as the repayment will have a positive impact on the Company's future results through proportional decrease in further principal payments and accrued interests.
Legal grounds: Article 56 Section 1 item 1 of the Act on public offering and the terms for introduction of financial instruments to organized trading and on public companies, dated 29 July 2005.
current_report_14_2013.pdf 17.74 KB
