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KGHM Polska Miedź SAKGHM copper consents to sign USD 1.5 bln syndicated credit facility agreement
The management board of listed copper producer KGHM has consented to sign an unsecured revolving syndicated credit facility agreement in the amount ofUSD 1.5 billion, the company announced in a market filing.
The agreement will be concluded for a 5-year tenor and will have two one-year extension options exercisable at the request of the company (at the discretion of each syndicate member).
The agreement will include a non-binding option to increase the amount of the credit facility by a total amount not exceeding USD 500 million within 36 months of its signing, with the total amount of the revolving credit facility up to USD 2 000 million.
"The credit facility will replace the current revolving syndicate credit facility in the amount of USD 1.5 billion dated December 20, 2019," the company wrote in a market filing.
"Following the signing of the aforementioned syndicated credit facility agreement, the credit facility agreement from 2019 will be terminated," it added.
As stated, the agreement is planned to be signed on December 2, 2025.
The loan was arranged with a group of banks based in Poland and abroad.
han/ ao/
