Conclusion of a PLN 1.0 billion Finance Contract with the European Investment Bank by Allegro sp. z o.o.
The Board of Directors of Allegro.eu (the “Company” and, together with its subsidiaries, the “Group”) hereby informs that on 1 June 2026, the Company’s indirect Polish operating subsidiary, Allegro sp. z o.o. (as the borrower, the “Borrower”) entered into a PLN 1,000,000,000 finance contract (the “EIB Finance Contract”) with the European Investment Bank (the “EIB”).
The purpose of the facility is to diversify funding sources and support investments in development and deployment of software and advanced digital technologies to realize medium-term strategic priorities. The proceeds from the EIB Finance Contract are dedicated to financing the Group’s strategic Research, Development, and Innovation (“RDI”) programme for the years 2026–2030, supporting the Group’s digitalisation of e-commerce in Poland and beyond, to grow the core marketplace and develop new growth engines.
Under the terms of the EIB Finance Contract, the EIB makes available to the Borrower a facility, under a facility in the total amount of PLN 1,000,000,000, which may be drawn in tranches during an availability period of 18 months from the date of the contract. Each drawn tranche will have a maturity of 6 years from its respective disbursement date, with a bullet repayment at maturity, or up to 9 years with an amortized loan. The tranches are available to the Borrower in two optional currencies PLN and/or EUR and will bear interest at a floating rate based on WIBOR (or EURIBOR, if applicable) plus spread including a floating margin linked to the Group’s consolidated net leverage ratio. The interest rate spread will be determined before the utilization of each tranche.
Under the EIB Finance Contract the Borrower shall be subject to a financial covenant such that total net leverage shall not exceed the ratio of 4.50:1 tested semi-annually, which has been aligned to the existing Senior Facilities Agreement dated 18 November 2025 (see current report No. 28/2025 (the “SFA”)).
The EIB Finance Contract is unsecured, unless the conditions to establishment of security interest set out in the Agreement and named therein as “security trigger event” occurs and continues. In alignment with the terms of the SFA, in the event that the total net leverage exceeds 3.50:1, the Borrower will take steps to establish similar security in respect to the EIB Finance Contract as is required under the SFA.
The utilization of the EIB financing is subject to satisfaction of customary conditions precedent, including obtaining a consent under the SFA for certain EIB policy principles to be introduced into an intercreditor agreement if and to the extent such intercreditor agreement is required to be put in place with required creditors (including EIB and lenders under the SFA) pursuant to the terms of the relevant finance documents.
The transaction is in line with the Group’s capital allocation policy.
Allegro.eu is a Luxembourg public limited company (société anonyme), registered office: 6, rue Eugène Ruppert, L-2453 Luxembourg, Grand Duchy of Luxembourg, Luxembourg Business Register: B214830