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Amendment to a material financing agreement concerning the financing of the Galeria Jurajska project
GLOBE TRADE CENTRE S.A.
(Incorporated and registered in Poland with KRS No. 61500)
(Share code on the WSE: GTC.S.A)
(Share code on the JSE: GTC ISIN: PLGTC0000037)
(the "Company")
Current report number: 4/2025
Date: 24 February 2025
Subject: Amendment to a material financing agreement concerning the financing of the
Galeria Jurajska project
Further to current reports No. 3/2020 dated 13 February 2020 and 2/2021 dated 19 March 2021,
the management board of Globe Trade Centre S.A. (the "Company") announces that on 24
February 2025, GTC Galeria CTWA sp. z o. o., the Company's wholly owned subsidiary operating
Galeria Jurajska project, entered into an amendment and restatement agreement to a facility
agreement with Erste Group Bank AG and Raiffeisenlandesbank Niederosterreich -Wien AG (the
"Financing Parties") concerning the financing of the Galeria Jurajska project (the " Amendment and
Restatement Agreement").
Pursuant to the Amendment and Restatement Agreement, the Financing Parties agreed to extend
of maturity and certain other terms of the agreement and restatement to the facility agreement dated
13 February 2020.
Pursuant to the facility agreement as amended by the Amendment and Restatement Agreement .
GTC Galeria CTWA sp. z o. o shall pay interest based on 3M EURIBOR increased by applicable
margin. The Loan will mature on 24 February 2030. As at the date of signing the Amendment and
Restatement Agreement, the principal amount outstanding under the loan was EUR 100,650,000.
The facility remains secured by the existing documentation and in addition will be secured, inter
alia, by new standard security instruments for such financing, including: (i) submissions to
enforcement of the borrower and the shareholder (only from the pledged shares), (ii) mortgage on the
borrower's real property in order to secure claims of Raiffeisenlandesbank Niederosterreich-Wien
AGunder new hedging agreement, (iii) powers of attorney to bank accounts, (iv) accounts blockade.
The entry into force of the amended and restated facility agreement based on the Amendment and
Restatement Agreement is subject to a number of standard conditions precedent. The terms and
conditions of the agreement do not differ from the generally applied standards for this type of
agreement.
Legal grounds: Art. 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the
Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive
2003/6/EC of the European Parliament and of the Council and Commission Directives
2003/124/EC, 2003/125/EC and 2004/72/EC – inside information.
Signed:
/s/ Gyula Nagy /s/ Balázs Gosztonyi
President of the Management Board Management Board Member
Warsaw, Poland
Sponsor: Investec Bank Limited
Date: 24-02-2025 05:47:00
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