Fabryka Obrabiarek RAFAMET S A : Conclusion of an annex to the debt limit agreement with bank BNP Paribas S.A.
March 22, 2021
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POLISH FINANCIAL SUPERVISION AUTHORITY
CURRENT REPORT NO 4/2021
Name of entity:
Date of submittal:
Fabryka Obrabiarek RAFAMET S.A.
23-03-2021
in Kuźnia Raciborska
Subject:
Conclusion of an annex to the debt limit agreement with bank BNP Paribas S.A.
Message:
Management Board of the RAFAMET S.A. Machine Tool Factory in Kuźnia Raciborska informs that today the Company received a signed by BNP Paribas S.A. (01-211 Warsaw, ul. Kasprzaka 10/16) Annex No. 24 of March 22, 2021 to the debt limit agreement from July 29, 2009.
Pursuant to the annex, the debt limit was set at PLN 10,500,000.00, and the limit utilization period has not changed and ends on February 15, 2022.
The Issuer may use the limit in question for:
bank guarantees: tender, advance payment, performance, warranty and mixed guarantees; within the applicable limit, guarantees will be issued up to the amount of PLN 8,000,000.00 with a validity period not exceeding 24 months, while guarantees up to the amount of PLN 3,500,000.00 will be issued with a validity period of more than 24 months,
an overdraft facility up to the amount of PLN 2,000,000.00, by February 15, 2022; the interest rate on the overdraft was determined based on the WIBOR 1M rate plus the bank margin,
revolving loan up to the amount of PLN 5,000,000.00, the interest rate on the loan was set at a reduction by the WIBOR 1M rate plus the bank's margin, the repayment of the revolving debt took place in accordance with the contract financing schedule approved by the Bank, but not later than by February 15, 2024.
The total amount of debt due to the use of products described in point a), b) and c) cannot exceed the equivalent of PLN 10,500,000.00. The contract in question was concluded on market terms that do not differ from those commonly used for this type of contract.
This information was considered significant due to its value and importance for the Issuer.
Legal basis:
Article 17, point 1 MAR - confidential information.
Vice President
President
Maciej Michalik
E. Longin Wons
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Fabryka Obrabiarek RAFAMET SA published this content on 23 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2021 09:18:04 UTC.
Fabryka Obrabiarek Rafamet SA is a Poland-based company engaged in the industrial machinery production. The Company manufactures and sells machine tools for the railway, shipbuilding, steel, paper, aviation, as well as energy industries. The Companyâs product range includes the special purpose machine tools, horizontal and wheel lathes, vertical turning and boring mills and milling machines, among others.It also has its own iron foundry. It sells its products mainly to the European countries, as well as domestically. The Company operates subsidiaries, such as Zespol Odlewni Rafamet Sp z o o, Rafamet - Trading Sp z o o w likwidacji, Poreba 1798 Machine Tools Sp z o o and Met.com Sp z o o w likwidacji, and one affiliated company, OOO Stanrus-Rafamet, based in the Russian Federation.
FABRYKA OBRABIAREK RAFAMET S.A. 
