Current Report No. 47/2022
2022.08.16 16:52
Warsaw, August 16th 2022
Execution of credit agreement with Bank Gospodarstwa Krajowego
Current Report No. 47/2022
Further to Current Reports No. 47/2021 of December 13th 2021, No. 49/2021 of December 17th 2021, No. 1/2022 of January 5th 2022, No. 38/2022 of June 30th 2022 and No. 41/2022 of July 28th, the Management Board of Polskie Górnictwo Naftowe i Gazownictwo SA (“PGNiG”, “Company”) announces that on August 16th 2022 PGNiG entered into a credit agreement with Bank Gospodarstwa Krajowego for up to PLN 4.8bn for a period of 24 months from the date of the credit agreement (the “Credit Agreement”).
When signing the Credit Agreement PGNiG used State Treasury guarantees – a mechanism provided for in Art. 14.1.2 of the Act of January 26th 2022 on Special Measures to Protect Gas Fuel Customers in View of the Situation on the Gas Market.
The PGNiG Management Board is monitoring the situation on the international gas markets on an ongoing basis, and the Company will take further steps to increase the available financing sources.
