RB-21-2016 Investment Credit Agreement with DNB Bank Polska
Legal basis:
Article 17 par. 1 of the MAR – inside information
The Management Board of Comarch S.A. announces that on the 19th of August, 2016, Comarch S.A. signed an investment credit agreement with bank DNB Bank Polska Spółka Akcyjna with its registered office in Warsaw, for financing/refinancing 100% of net investment expenditures related to the purchase of technical devices, which are the equipment of IoT laboratory (Internet of Things) located in building SSE6 in Special Economiic Zone in Krakow. The credit amounts to EUR 2,531,000.00, i.e. PLN 10,854,000.00 (exchange rate as of the date of signing the agreement). The crediting period lasts until the 30th of December, 2023, the interest rate of the credit is based on a variable rate. The credit should be taken out by the 30th of December, 2016. The credit is secured by:
a) registered pledge on financed equipment to the amount of 150% of the credit amount;
b) cession of rights in the insurance policy of the financed equipment.