The Management Board of Cyfrowy Polsat S.A. (the "Company") hereby informs that on October 24, 2018 it adopted a resolution on taking initial steps in connection with potential refinancing of the Company’s indebtedness due to 1,000,000 unsecured series A bearer bonds with a nominal value of PLN 1,000.0 each and a total nominal value of PLN 1,000.0 million, maturing on July 21, 2021, which were issued by the Company (the “Series A Bonds”). The Company’s intent is to assess possibilities of refinancing the Series A Bonds in order to decrease costs of servicing the indebtedness due to the issued Series A Bonds.
The actions initiated by the Company on October 24, 2018 shall be aimed at evaluating the present market demand for new bonds (the “New Bonds”) and proposing potential conditions and a timetable of issuance of the New Bonds that would enable the Management Board to take a decision whether to establish a program of issuance of bonds under which the New Bonds would have been issued (the “Program”).
The final decision concerning the establishment of the Program and its terms shall be taken at the stage of adopting a relevant resolution by the Company’s Management Board, about which the Company shall inform in a separate current report.
Legal basis: Article 17 Section 1 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing 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.