Considering the 25 bps margin decrease since October 17 this year, related to the start of listing on the WSE, this means a total decrease in the credit margin of 100 bps.
The signed annex also allows the Żabka Group to issue unsecured bonds up to a total of PLN 1 billion (within the existing debt limits), which increases the flexibility of the Group’s financing sources.
– The signed annex also adjusts the terms of the agreement to the company’s current situation and needs, among other things.Among other things, by limiting the collateral catalog and lifting restrictions on the transfer of funds and disposal of assets between members of the company’s capital group,” the company explains.
Marta Wrochna-Lastowska, CFO of Żabka Group, comments:
According to the announcements made during the IPO, we reduced the interest rate on our financing under the loan agreement by a total of 100 basis points. This was made possible by, among other things, our performance, the consistent reduction of our leverage ratio and the commencement of our listing on the WSE, which has increased the transparency of our business for financing institutions. The signed annex also increases the flexibility of our financing sources, thanks to the possibility of issuing unsecured bonds up to a total of PLN 1 billion, within the existing debt limits.
The Żabka Group ecosystem includes Poland’s leading convenience retail chain, with more than 10,900 franchised stores as of the end of September 2024.
The Żabka Group ecosystem includes Poland’s leading convenience retail chain, with more than 10,900 franchised stores as of the end of September 2024.
