Agrokor d.d., with its seat in Zagreb, Trg Dražena Petrovića 3, entered in the Court Register of the Commercial Court in Zagreb under Company Registration Number (MBS): 080020970, VAT ID Registration Number (OIB): 05937759187, (hereinafter reffered to as: the Parent Company)
- concluded on 14 September 2016 the Loan Agreement between Agrokor d.d. as borrower and BNP Paribas, Credit Suisse AG, London Branch, Goldman Sachs International Bank and JP Morgan Securities PLC as providers of loan and certain associated companies as guarantors (hereinafter: Loan Agreement). The total principal amount of the loan is EUR 100 million. The loan was approved with maturity date due 24 months from the date of signing the Loan Agreement.
- concluded on 14 September 2016 the Loan Agreement between Agrokor d.d. as borrower and BNP Paribas, Credit Suisse AG, London Branch, Goldman Sachs International Bank and JP Morgan Securities PLC as providers of loan and certain associated companies as guarantors (hereinafter: Loan Agreement). The total principal amount of the loan is EUR 100 million. The loan was approved with maturity falling 36 months from the date of signing the Loan Agreement.
- concluded on 14 September 2016 the Amendment to the Loan Agreement with the principal amount of the loan EUR 350 million signed 28 April 2016 between Agrokor d.d. as borrower, Sberbank of Russia as provider of loan and certain associated companies as guarantors (hereinafter: Amendment to the Loan Agreement with Sberbank I). The Amendment provided for amortization of the loan to start 36 months from the date of signing the Amendment to the Loan Agreement with Sberbank I;
- concluded on 14 September 2016 the Amendment to the Loan Agreement with the principal amount of the loan EUR 50 million signed 16 July 2015 between Agrokor d.d. as borrower, Sberbank Europe AG as provider of loan and certain associated companies as guarantors (hereinafter: Amendment to the Loan Agreement with Sberbank II). The Amendment provided for maturity set for 24 months from the date of signing the Amendment to the Loan Agreement with Sberbank II;
- concluded on 14 September 2016 the Amendment to the Loan Agreement with the principal amount of the loan EUR 600 million signed 14 March 2014 between Agrokor d.d. as borrower, Sberbank of Russia and Sberbank Europe AG as providers of loan and certain associated companies as guarantors (hereinafter: Amendment to the Loan Agreement with Sberbank III). The Amendment provided for amortization of the loan to start 36 months from the date of signing the Amendment to the Loan Agreement with Sberbank III;
- concluded on 28 October 2016, the Amendment to the Loan Agreement with the principal amount of the loan EUR 210 million signed 21 June 2016 between Agrokor d.d. as borrower, VTB Bank (Austria) AG as a provider of loan and certain related companies as guarantors (hereinafter: Amendment to the Loan Agreement with VTB Bank). With the Amendment of the Loan Agreement principal amount of loan has been increased by two new tranches of EUR 50 million with a maturity set for 24 months from the date of signing the Amendment to the Loan Agreement with VTB Bank and EUR 250 million with a maturity set for 36 months from the date of signing the Amendment to the Loan Agreement with VTB bank; the Amendment provided for amortization of the outstanding principal balance of the EUR 60 million tranche to start 36 months from the date of signing the Amendment to the Loan Agreement with VTB bank; The amount of EUR 50 million and EUR 250 million will be used for early repayment of outstanding debt of Agrokor to VTB in the same amount.
The Management Board and the Supervisory Board of the company Ledo d.d. with its seat in Zagreb, Marijana Čavića 1a, entered in the Court Register of the Commercial Court in Zagreb under Company Registration Number (MBS): 080002964, VAT ID Registration Number (OIB): 87955947581, reviewed the provisions and the transactions contemplated by the Loan Agreement, Syndicated Loan Agreement, Amendment to the Loan Agreement with Sberbank I, Amendment to the Loan Agreement with Sberbank II, Amendment to the Loan Agreement with Sberbank III, Amendment to the Loan Agreement with VTB bank and any other financial documents (as defined in loan agreements), specifically on the principle of the loan, interest rate, maturity, other fees, and rights and obligations of guarantors, after which Ledo d.d. represented by the President of the Management Board, Dario Vrabec, assumed liability as one of the guarantors for the liabilities of the Parent Company by the said loan agreements.
Ledo d.d.
Dario Vrabec
President of the Management Board
Source of information:
Ledo d.d.
Marijana Čavića 1a 10000 Zagreb
Telephone: 01 2385 861
Telefax: 01 2385 686
E-mail: investors@ledo.hr
Web: www.ledo.hr
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