37/2012/correction: PBG Group continues and extends negotiations to secure financing – CORRECTION
The Management Board of PBG S.A. hereby publishes a correction to Current Report No. 37/2012 of May 28th 2012. As a result of an apparent editorial error, the date of executing the agreement referred to in Current Report No. 28/2012 of May 15th 2012 was incorrect. Current Report No. 37/2012 stated that the agreement was signed on May 15th 2012, while the correct date of the agreement was May 14th 2012.
Following the amendment, the Current Report No. 37/2012 reads as follows:
Further to Current Report No. 27/2012 and Current Report No. 28/2012 of May 15th 2012 (available at: http://www.pbg-sa.pl/relacje-inwestorskie/raporty-biezace.html), the Management Board of PBG S.A. hereby reports that on May 28th 2012 it resumed talks with the banks providing financing to the Parent and other Group companies, to secure additional sources of funding. In performance of the standstill agreement of May 14th2012 (see Current Report No. 28/2012), the banks which are to provide bridge financing (i.e. BANK ZACHODNI WBK S.A., ING BANK ŚLĄSKI S.A., NORDEA BANK POLSKA S.A. and BANK POLSKA KASA OPIEKI S.A.) obtained the required consents of their respective internal credit committees. However, the bridge facility agreement has not yet been executed and the funds have not yet been disbursed, as such disbursement requires a prior agreement on an appropriate structure of security for the financing, which is to be approved by all the parties involved (initially, disbursing the bridge financing was planned for May 25th 2012). Therefore, negotiations on granting and disbursing bridge financing by the banks continue. Further, as agreed by the parties, the scope of the negotiations was extended to include talks concerning the arrangement of a comprehensive financing structure for the PBG Group for the next 12 months.
Legal basis:
Art. 56.1.1 of the Public Offering Act – inside information
Pliki:
Full version of report (.pdf - 156,68 kB)