STRONA GŁÓWNA         
BM PEKAO         
BM PEKAO (DAWNIEJ CDM PEKAO S.A.)         
ANALIZY PEKAO         
BANK PEKAO SA         
Bank Pekao

WSE: Conclusion by the Issuer of the Annex No. 6 to the Loan Agreement of 18 November 2015, Wtorek, 7 kwietnia (00:57)

Raport bieżący nr 17/2020

Podstawa Prawna:
Art. 17 ust. 1 MAR - informacje poufne.

Management Board of Work Service S.A. ("Issuer", "Company" or "Borrower") informs that on 6 April 2020 the Company concluded with Bank BNP Paribas Bank Polska S.A., Bank Millennium S.A., Santander Bank Polska S.A. and Powszechna Kasa Oszczędności Bank Polski S.A. ("Lenders") an Annex No. 6 ("Annex") to the loan agreement of 18 November 2015, the conclusion of which was announced by the Company in current report no. 43/2015 ("Loan Agreement"). Information on conclusion of the previous annexes to the Loan Agreement was published in, among others, current reports no. 34/2017, no. 7/2018, no. 82/2018, no. 86/2018 and no. 15/2020.

Pursuant to this Annex, among other things, the Final Payment Date of the loans was extended to 31 July 2020. The purpose of signing the Annex is to enable the Company and Lenders to complete ongoing advanced negotiations on the long-term restructuring of the Company's debt (about which the Company provided information in current reports no. 1/2020, 10/2020) and to conclude another annex to the Loan Agreement regarding changes to the material terms of the Loan Agreement.

Together with conclusion of the Annex, the Company has finalised working negotiations with the Lenders on commercial and legal conditions of the long-term restructuring of the Loan Agreement (?Term Sheet?). Commercial terms of the Term Sheet are fully consistent with result of negotiations as announced in the current reports no. 10/2020. Further restructuring of the Loan Agreement requires currently obtaining final credit and corporate approvals, then signing the Term Sheet and agreeing on full legal documentation implementing the restructuring of the Loan Agreement.

As a result of an analysis, the Issuer deems it justifiable to qualify the aforementioned information confidential within the meaning of Article. 17 par. 1 of MAR, to be published in the form of this report.

Legal basis:

Article 17(1) MAR _Regulation of the European Parliament and of the Council (EU) No 596/2014 of 16 April 2014 on market abuse (Regulation on market abuse) and repealing the 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.

Signatures:

Iwona Szmitkowska - President of the Management Board

Jarosław Dymitruk - Vice-President of the Management Board


PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ
DataImię i NazwiskoStanowisko/FunkcjaPodpis
2020-04-07Iwona Szmitkowska President of the Management Board
2020-04-07Jarosław Dymitruk Vice-President of the Management Board