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Trakcja PRKiI obtained additional financing

New banking and insurance guarantees, additional credit facilities and a loan from the main shareholder comprise Trakcja PRKiI S.A. bridge financing programme. The Company successfully completed the due diligence process that had lasted several weeks and obtained additional funds for conducting business.

“We would like to thank for the trust shown by financial and insurance institutions, as well as shareholders. Business refinancing will allow accelerating the performance of current contracts and further development of the portfolio of our contracts, which currently has had the highest level for several years.” – says Marcin Lewandowski, the President of the Management Board of Trakcja PRKiI S.A.

Due to the conclusion of a series of contracts and agreements, Trakcja PRKiI obtained a financial support for conducting business comprising: a working capital facility in the amount of PLN 31 million, guarantee facilities in the amount of PLN 33 million and a loan in the amount of PLN 20 million from the main shareholder of Trakcja PRKiI – the Spanish Group COMSA.

“Almost 10 financial institutions and our shareholder COMSA participated in this complex process of refinancing business, whom we would like to thank for effectively reaching an agreement. The concluded agreements will provide the company with the access to PLN 76 million in cash and due diligence guarantees, as well as guarantees to pay the deposit in the total amount of over PLN 70 million.” - adds Paweł Nogalski, the Vice-President of the Management Board, the Financial Director of Trakcja PRKiI.

At the end of March Trakcja PRKiI S.A. had a portfolio of contracts to over PLN 2.2 billion and offers of a value exceeding PLN 1 billion, holding the first place in the already opened tenders.

 

Media Information

Robert Kuczyński

human resources and communication director

r.kuczynski@grupatrakcja.com

 

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