Amendment of the Senior Facilities Agreement extending its duration by two years to 14 October 2027
Current report No. 23/2023
Legal basis: Article 17 MAR - inside information
Title: Amendment of the Senior Facilities Agreement extending its duration by two years to 14 October 2027
The Board of Directors of Allegro.eu (the “Board” and the “Company”, respectively) hereby informs that on 6 November 2023 Allegro Treasury S.à r.l. (the "Credit Facility Borrower") signed and executed an extension of the maturity date to all credit facilities under the Senior Facilities Agreement (“SFA”) (see the current report No. 10/2020) in respect to a total principal amount of PLN 7,257,500,000 by 24 months to 14 October 2027 (“Extended SFA”), and concurrently made early prepayment/reduction in the amount of PLN 242,500,000.
Originally, the facilities under SFA were scheduled to mature in October 2025.
The Extended SFA includes the following financing agreements:
(i) a PLN 5,257,500,000 senior secured term loan facility (the "Term Loan B"),
(ii) a PLN 500,000,000 multi-currency revolving credit facility (“RCF"),
(iii) a PLN 1,000,000,000 Additional Facility (see the current report No. 20/2021, No. 24/2022, No. 35/2022) and
(iv) a PLN 500,000,000 Additional RCF (see the current report No. 7/2022).
Following these changes, as at the date of this Current Report, the Total debt outstanding under the Extended SFA amounts to PLN 6,502,500,000 and is comprised as follows:
(i) Term Loan B: PLN 5,257,500,000,
(ii) RCF: PLN 245,000,000,
(iii) Additional Facility: PLN 1,000,000,000.
The Credit Facility Borrower signed the Extended SFA with the following lenders: Santander Bank Polska S.A., Powszechna Kasa Oszczędności Bank Polski S.A., Bank Polska Kasa Opieki S.A., Powszechny Zakład Ubezpieczeń S.A., Powszechny Zakład Ubezpieczeń na Życie S.A., PZU Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych BIS 1, PZU Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych BIS 2, Erste Group Bank AG, Credit Agricole Bank Polska S.A., mBank S.A., Industrial and Commercial Bank of China (Europe) S.A. Oddział w Polsce, Bank of China (Europe) S.A. Spółka Akcyjna Oddział w Polsce, Bank Gospodarstwa Krajowego, Raiffeisen Bank International AG, BNP Paribas Bank Polska S.A., Bank Handlowy w Warszawie S.A., Bank Millennium S.A., Bank of America Merrill Lynch International Designated Activity Company, Morgan Stanley Bank International Limited, Goldman Sachs Bank USA, Barclays Bank PLC.
The rationale for the extension of the maturity is to ensure ample liquidity at favourable conditions for general corporate purposes to enable the Company to focus on driving future growth.
All other conditions of the SFA remain unchanged.
Allegro.eu is a Luxembourg public limited liability company (société anonyme), registered office: 1, rue Hildegard von Bingen, L – 1282 Luxembourg, Grand Duchy of Luxembourg, R.C.S. Luxembourg: B214830.