The Board of Directors of Play Communications S.A. (the “Company”), hereby informs that P4 sp. z o.o. (“Play”), a wholly owned subsidiary of the Company, has entered into a Mandate Letter on 18 March 2020 with BNP Paribas Bank Polska S.A., DNB Bank ASA, DNB Polska S.A., PKO Bank Polski S.A., Raiffeisen Bank International AG and Santander Bank Polska S.A. concerning arrangement and underwriting of a three-year Additional Facility of up to PLN 1.2 billion (the “Facility”) under the Senior Facilities Agreement dated 7 March 2017 (as amended on 14 June 2017 and 8 January 2019) .
Upon establishment of the Facility, funds shall be used for general corporate purposes, including capital expenditure and repayment or prepayment of existing debt. The cost of this Facility will lower the average interest rate of Play debt.
Legal basis: Art. 17 MAR