Current report no 4 / 2013

Current report no 4 / 2013 - 28 January 2013 / 00:00

Signing of an addendum to the credit agreement with Bank Handlowy w Warszawie SA

The Management Board of Budimex SA hereby reports that on 28 January 2013 the company was informed that an addendum was signed to the credit agreement entered into by Bank Handlowy w Warszawie SA and Budimex SA on 8 February 2011.
Under the aforementioned addendum the bank made the promised standby overdraft up to PLN 50,000,000 (fifty million) available to Budimex until 5 February 2014.
For use of the credit facility, the company will pay to the bank interest calculated as per the WIBOR1M base rate increased by the amount of the margin. As security for repayment of the amounts due to the bank under the above contract, Budimex granted the bank a power of attorney to administer the company’s account maintained by the bank and made a representation regarding voluntary submission to bank enforcement under provisions of the Polish Banking Law Act.
The addendum value exceeds 10% of the equity of Budimex SA.