CCC Footwear secured a term sheet to alter financial covenants included in the up to PLN 885.96 million credit deal with 6 banks signed in June 2021. The changes in indices reflect the changes introduced earlier this month in an extension of up to PLN 250 million credit lines with a group of local banks for a two-year period. The tweaks to the financial indicators included in the Term Sheet were to adjust the level of these indicators to the results achieved by CCC amid current economic conditions, including growing inflation and market volatility, with respect to FX rates, the effects of the Covid-19 pandemic and ongoing war in Ukraine.