Legal basis: Article 17 paragraph 1 of MAR - confidential information
Subject: Conclusion of an investment loan agreement by the Issuer's subsidiaries
VRG S.A. with its registered office in Kraków (hereinafter referred to as the “Company”, “Issuer”) hereby announces that on July 23, 2025, the Issuer’s subsidiary - W.KRUK S.A. with its registered office in Kraków (hereinafter referred to as “W.KRUK”) and its subsidiary - WK SPV 1 Sp. z o.o. with its registered office in Kraków (hereinafter referred to as “WK SPV”) concluded a loan agreement with Bank Powszechna Kasa Oszczędności Bank Polski S.A. with its registered office in Warsaw (hereinafter referred to as the “Bank”), under which the Bank granted W.KRUK and WK SPV, as borrowers, an investment loan in the amount of PLN 120,000,000.00 (hereinafter referred to as the “Loan Agreement”) intended to co-finance the acquisition project of subsidiaries, about which the Company informed in Current Report No. 18/2025. The loan is granted for the period until July 23, 2032. The interest rate on the loan granted under the Loan Agreement is 1M WIBOR + the Bank's margin. Furthermore, the Loan Agreement contains covenants, i.e., detailed clauses binding borrowers, the content of which, however, does not differ significantly from market standards used in similar agreements.
The Bank's receivables under the Loan Agreement will be secured by:
1) a registered pledge on inventories owned by W.KRUK with a value of no less than PLN 400,000,000.00
2) an assignment of cash receivables under the inventory insurance agreement,
3) a registered pledge on the "W.KRUK" trademark,
and after the completion of the acquisition project, also by:
4) a civil guarantee of the companies acquired as part of the acquisition project,
5) a financial pledge and a registered pledge on all shares in the companies acquired as part of the acquisition project, whereas the collateral listed in items 1-3 also secures receivables arising from the multi-purpose credit facility agreement of March 9, 2015, as amended. amendments to the agreement concluded between the Bank and W.KRUK, about which the Issuer informed in current reports No. 8/2015, 65/2015, 38/2017, 38/2020, 30/2022, 27/2024 and 35/2024.