Grupa Kety : Annex to an overdraft facility agreement
June 28, 2017 at 05:10 am EDT
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27.06.2017
The Management Board of Grupa Kęty S.A. hereby informs that, on 27 June 2017, the Group companies which are parties to the overdraft facility agreement with Bank PEKAO S.A. (i.e. Grupa Kęty S.A., Alupol Packaging S.A., Aluprof S.A., Metalplast-Stolarka Sp. z o.o., Aluform Sp. z o.o., Alupol Packaging Kety Sp. z o.o., Alupol Films Sp. z o.o., Aluminium Kety Emmi predlava aluminija, d .o.o.) agreed to accept the terms and conditions of the annex to the agreement increasing the maximum available shared credit limit from 200 million PLN to 300 million PLN. The above-mentioned loan is used to finance the current operations of the companies. According to specific terms and conditions of the agreement, the companies are jointly and severally liable for the debt under the aforementioned agreement. The deadline for the loan repayment has not changed (31.10.2017).
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Grupa Kety SA published this content on 27 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 June 2017 09:09:07 UTC.
Original documenthttp://www.grupakety.com/en/current-report,44/1267,annex-to-an-overdraft-facility-agreement.html
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Grupa Kety SA is a Poland-based company that is principally engaged in the aluminum industry. The Companyâs activities are divided into following segments: Extruded Product, Aluminum Systems, Constructional Accessories, Constructional Service, Transport Systems and Flexible Packaging. The Companyâs offer includes aluminum profiles, components, extrusions, multi-layer packaging made of aluminum foil and polypropylene, polyethylene and polyester films and paper, building fittings and system accessories, and car bodies for utility cars, among others. It also provides assembly of aluminum facades. On May 21, 2014, the Company established new wholly owned subsidiary, Grupa Kety Italia srl.