Conclusion of an annex to the credit agreement with Santander Bank Polska S.A.
Legal basis Article 17(1) of the MAR - confidential information.
With reference to the information contained in Current Report No. 26/2014 on the credit agreement concluded with Santander Bank Polska S.A. (the Bank), the Management Board of Przedsiębiorstwo Przemysłu Spożywczego “PEPEES” S.A. (the Company, the Issuer) announces that on 27 June 2025 another annex to the above-mentioned agreement was signed between the Issuer and its subsidiaries, i.e. Zakłady Przemysłu Ziemniaczanego “Lublin” Sp. z o.o. (Lublin) and Przedsiębiorstwo Przemysłu Ziemniaczanego Bronisław S.A. (Bronisław) and the Bank.
Under the Annex, the bank renews and increases the Multiline Facility to the total amount of PLN 75 million, including for individual companies respectively:
- PEPEES S.A. up to PLN 46 million
- PPZ Bronisław S.A. up to PLN 20 million
- ZPZ Lublin Sp. z o.o. up to PLN 9 million
The following credits were granted within the limits as indicated:
- overdraft facility:
- PEPEES S.A. up to PLN 4 million
- PPZ Bronisław S.A. up to PLN 0.7 million
- ZPZ Lublin Sp. z o.o. up to PLN 2 million
- revolving credit facility:
- PEPEES S.A. up to the amount of PLN 42 million,
- PPZ Bronisław S.A. up to the amount of PLN 19.3 million,
- ZPZ Lublin Sp. z o.o. up to the amount of PLN 7 million
The revolving credit facility may be used until 30 January 2026 and shall be repaid starting from 31 January 2026 in equal monthly principal instalments.
The Multiline was granted until 31 August 2026.
Under the Annex, the Issuer and its subsidiaries, in connection with the increase in the value of the financing, undertake to update the value of the collateral.
The other terms and conditions of the credit agreement have not undergone any significant changes that would deviate from the standard provisions used in this type of agreement.
SIGNATURES OF THE COMPANY’S REPRESENTATIVES
Date Full Name Position/Function Signature
2025-06-27 Wojciech Faszczewski President of the Management Board
2025-06-27 Tomasz Rogala Member of the Management Board