Ursa Smart-city cb7 img ursapark img

28/2015 Entering into credit agreement between Bank Zachodni WBK S.A. and subsidiary company Smart City spółka z ograniczoną odpowiedzialnością sp.k.

Management Board of CPD S.A. (hereinafter the “Company”) hereby announces that was informed that the credit agreement (hereinafter the “Agreement”) between the subsidiary company Smart City spółka z ograniczoną odpowiedzialnością spółka komandytowa which is the Company’s subsidiary and Bank Zachodni WBK S.A., entered into force and that under said Agreement Smart City spółka z ograniczoną odpowiedzialnością spółka komandytowa was granted credit in the maximum amount of PLN 65.146.288designated to finance the Construction of a multi-family housing project Ursa Smart City Stage I at the junction of Hennela and Dyrekcyjna streets in Warsaw in the district of Ursus (“Developer bank loan”).

Ursa Smart City constitutes the first stage of the Smart City project which will be constructed at the junction of Hennela and Dyrekcyjna streets and will comprise the total of four buildings with planned 356 apartments with the floor areas of between 32 and 102 m2. We will offer mainly two- and three-room apartments which continue to be the most popular among the clients. There will be commercial premises located on the ground floors of the buildings with the floor areas ranging from 19 to 103 m2, and parking place for 359 vehicles at the underground level. The investment project is the result of the cooperation between CPD S.A. and Unidevelopment S.A.

Repayment security for the debts to the Bank’s claimsarising from the Agreement to beas follows mortgages on property and registered pledges on the rightsof corporateshareholders andsharesin the share capitalof the general partnerof the Borrower(Smart City sp. z o.o.)to be establishedin the near future.

Bank loan shall be made available to the Borrower after the securities have been established and the normal conditions for availability have been met.

Final repayment of the Credit shall be effected on or before 17 September 2019. Due amounts shall be repaid in PLN, in accordance with the specific repayment schedule. With respect to the granted credit, the Subsidiary shall pay interest in accordance with the variable interest rate 1M WIBOR, increased by the Bank’s margin.

Agreement meets the criteria to consider it to be the material agreement due to the amount of the granted credit and value of the object of the security which exceeds 10% of the Company’s equity, pursuant to § 2 par. 1 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by the issuers of securities and conditions for recognition as equivalent of the information required under the provisions of law of the non-member state (the “Regulation”).

The Company and its subsidiaries as well as persons who manage or supervise the Company are not connected with the entity for the benefit of which the mortgage was established, pledgee (Bank Zachodni WBK S.A.) and its officers.

Legal basis:

§ 5 par. 1 subpar. 1 and § 5 par. 1 subpar. 3 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information provided by the issuers of securities and conditions for recognition as equivalent of the information required under the provisions of law of the non-member state.

Signatures of persons authorized to represent the Company:

Elżbieta Wiczkowska, President of the Management Board, 19 December 2015

Disclaimer

The information on this website is the property of CPD S.A. It must not be duplicated in any format

Contact Us

CPD S.A.
ul. Cybernetyki 7b
02-677 Warszawa
tel.: +48 22 321 05 00
fax: +48 22 321 05 01
e-mail: info@cpdsa.pl