Conclusion of a major agreement
Current report 08/2015 dated 11.05.2015
Legal grounds: Article 56.1.2 of the Public Offering Act — current and periodic information
The Management Board of ATM S.A. (hereinafter “the Company”), with its registered office in Warsaw, announces that the Company has signed today an agreement with BNP Paribas Bank Polska S.A., with its registered office in Warsaw, for a non-revolving credit facility of PLN 15 million (hereinafter “Agreement No. 1”). Before that, on 21 November 2014, the Company signed with the same bank Annex 3 to the PLN 15 million overdraft facility of 14 October 2011 (hereinafter “Agreement No. 2”). The total value of both aforementioned agreements exceeds 10% of the Issuer’s equity.
Agreement No. 1 regards a loan earmarked for refinancing 90% of the capital expenditures incurred on the purchase of equipment for the ATMAN Data Center in Warsaw. The facility may be activated by 27 October 2016. The interest rate on the credit facility are based on the WIBOR 1M rate plus the bank’s margin. The credit facility agreement was signed for the period ending on 27 October 2020. The collaterals include:
- A registered pledge on the IT equipment meant for the server room
- Collateral transfer of ownership of movable assets
- Assignment of an insurance policy against fire, theft and other fortuitous events with respect of equipment
- The Borrower’s statement on submission to enforcement
Agreement No. 2 regards a facility earmarked to financial support of ongoing activities of the Company.
The interest rate on the credit facility are based on the WIBOR 1M rate plus the bank’s margin. The credit facility agreement was signed for the period ending on 10 February 2016.
None of the agreements contain any provisions on contractual damages or other provisions that divert from arrangements typical of this sort of agreements.
Tadeusz Czichon — President of the Management Board,
Jacek Krupa — Vice President of the Management Board