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Benefit Systems SABenefit Systems inks PLN 1.78 bln financing deals with Santander and state development bank
Listed employee benefit schemes provider Benefit Systems has entered into financing agreements worth PLN 1.78 bln (EUR 424.3 mln) with listed lender Santander Bank Polska and Poland's state development bank BGK, the company said in a market filing.
"The subject of the agreement is providing of financing to the company by the banks, which will be used to acquire 100 percent of the shares in the share capital of Mars Spor Kulb ve Tesisleri letmecilii A," the company wrote.
"The financing may also be used for capital expenditures related to the organic growth of the issuer's capital group, for acquisitions, as well as for general corporate purposes," it added.
Interest on the financing amount will be calculated based on the WIBOR rate increased by the banks' margin.
The financing has been granted until November 30, 2029 and will be secured, among other things, by selected assets of the issuer's capital group.
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