DTP SA Reports > Current reports > ESPI
Based on § 5.1.3 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by issuers of securities and on conditions under which information required by legal regulations of a third country may be recognised as equivalent Management Board of DTP S.A. with headquarters in Warsaw informs that on 6 March 2015 DTP S.A. concluded as the borrower entered into solidarity with two subsidiaries of credit agreements in the amount of 10 million zł with FM Bank PBP SA with its registered office in Warsaw.
The funds raised from this facility will be used to finance or refinance the purchase of debt portfolios.
Repayment of the credit will be in monthly installments from 31 October 2015. February 28, 2019. The loan interest rate is variable, depending on WIBOR 1M plus margin. Collateral for the loan will be a lien on the assets of one of the subsidiaries of DTP S.A.
The detailed terms and conditions do not differ from market standards applied in agreements of this type. In the agreement have not been included provisions on penalties. The agreement not has been concluded subject to the condition or term.
The criterion for recognizing the agreement as significant is the value of a contract of at least 10% of the equity of DTP S.A.
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