Poland’s Polsat Plus Group has concluded a Senior Facilities Agreement with a consortium of Polish and foreign financial institutions.
It will provide for a PLN (Polish Zloty) term facility loan to be granted up to a maximum amount of PLN7,255 million, a Euro term facility loan up to a maximum amount of €506 million and a revolving facility loan up to a maximum amount of the equivalent of PLN1,000 million, with a final repayment date of 2028.
The funds will be used for investment projects, the repayment in full of the indebtedness under the previous credit facilities and the financing of general corporate needs.
Commenting on the agreements, Katarzyna Ostap-Tomann, management board member responsible for finance at Cyfrowy Polsat and VP responsible for finance at Polkomtel, Polsat Plus Group, said: “I am pleased with the agreements, especially since the financing market is currently very difficult and challenging due to high interest rates, the continued global political instability and Russia’s ongoing assault on Ukraine. I am proud that major, key Polish and international financial institutions placed their trust in us and decided to participate in this agreement. This is undoubtedly a success for both the entire team at Polsat Plus Group and everyone engaged on the financial institutions’ side. I would like to thank everybody for their dedication and efforts, which led effectively to the conclusion of our agreements”.
She added: “It is very important both for us and the institutions involved to link the agreements to the sustainability goals that we are pursuing through, among other things, the implementation of our Strategy 2023+, as well as actions in support of the environment and society.
