Getin Noble Bank (GNB)
Current report 125/201312.06.2013
CONCLUSION OF A SIGNIFICANT AGREEMENT AND ESTABLISHING PLEDGE ON ASSETS OF SIGNIFICANT VALUE
The Management Board of Getin Noble Bank S.A. (the „Issuer”) hereby announces that today, i.e. on 12 June 2013 it was informed of the fact that all signed documents enabling to complete the financing agreement (the “Agreement”) concluded between the Issuer and Banc of America Securities Limited with its registered office in London (the „Company”) dated 6 June 2013 within ISDA Agreement, were collected.
The subject of the Agreement is credit in the amount of EUR 125 million granted to the Issuer for the period of three years with the final credit repayment date set as at 11 June 2016. The financial terms of the Agreement do not differ from terms and conditions generally applied in this type of agreements. The interest includes reference rate: EURIOR 3M plus margin. The repayment of the credit falls at 11th day of March, June, September and December each year. The Agreement is deemed significant as its value exceeds 10% of the Issuer’s equity value.
Additionally, the Issuer informs on establishing of pledge on the Issuer’s assets in favour of the Company in connection with the Agreement. The Issuer (pledger) concluded with the Company (pledgee) finance pledge agreement in order to secure the repayment of funds transferred within the Agreement plus interest, commission and other cost stipulated in the Agreement. Limited proprietary right was established on 5-year-Polish treasury bonds of the Issuer (with maturity date falling in October 2016 and April 2017 respectively) of the value of EUR 166,662,500.00. According to the Agreement, the securities shall be transferred to an account opened for this purpose and run by Bank of New York Mellon, branch in London. There are no relations between the Issuer as the pledger and its managing and supervising persons and the Company as the pledgee. The legal basis of this report is connected with the value of collateral as the pledge is established on the assets of significant value.
Legal basis: Article 56(1)(2a) of the Polish Act of 25 July 2005 on public offering and the conditions for introducing financial instruments into an organized trading system and on public companies (Journal of Laws of 2005, No. 184, item 1539 later amended) in connection with § 5(1)(1,3) of the Minister of Finance Regulation of 19 February 2009 on current and periodic reporting by issuers of securities and the rules of equal treatment of the information required by the laws of non-member states (Journal of Laws of 2009 No. 33, item 259 later amended).