10/2021 Establishment of security on a loan agreement concluded by a subsidiary

Management Board of CPD S.A. (hereinafter the “Company”) informs that on 31 May 2021, the Company granted securities in connection with the signing of Annex No. 7 dated 28 May 2021 to the loan agreement No.KKWA0016 / 11 dated 12 August 2011 between Belise Investments sp. z o.o., a subsidiary of the Company, (hereinafter “Subsidiary”, “Borrower”), and Santander Bank Polska SA (hereinafter the “Agreement”), on the basis of which Belise Investments sp. z o.o. was refinanced a non-revolving Investment Loan in the amount of EUR 12,523,500 for the Iris building at 9 Cybernetyki Street in Warsaw (the “Loan Agreement”).

The collaterals for the repayment of the Bank’s receivables under the Loan Agreement are:

  • Mortgage on real estate,
  • Registered and financial pledges on the rights from the Borrower’s bank accounts,
  • Registered pledges on shares in the Subsidiary,
  • Registered pledge on the Borrower’s enterprise,
  • Surety agreement concluded with the Company,
  • Agreement on the subordination of receivables, incl. Loan repayment companies,
  • Declarations of submission to enforcement directly from the notarial deed issued, inter alia, by the Company,
  • Assignment of the Borrower’s receivables under rental and insurance contracts and contracts with the building manager.

The final repayment of the Loan will take place no later than 30 May 2026. The amounts due will be repaid in EUR, according to the agreed repayment schedule. For the loan granted, the Subsidiary will pay interest at the variable 3M EURIBOR interest rate, increased by the Bank’s margin.

Legal basis:

Article 17.1 MAR – Inside information

Signatures of persons representing the Issuer:

Elżbieta Wiczkowska, Member of the Board, 31 May 2021

Iwona Makarewicz, Member of the Board, 31 May 2021


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