Investor Relations - 29.06.2022

Securitization of receivables of up to 60 days

Athens, June 29, 2022

 

Announcement – Regulated information

 

PPC S.A. announces that, on 29 June 2022, it agreed with JP Morgan and certain other transaction parties to amend the terms of its securitization transaction for receivables up to 60 days in order to, among other things, (i) upsize the senior commitment amount from €200m to €300m; (ii) reduce the interest amounts payable on the drawn amounts and (iii) extend the maturity date of the transaction to June 2025.

This securitization transaction was originally entered into by PPC S.A. on 18 November 2020, and sees certain JP Morgan entities and conduits acting as administrative agent and investors, Finacity Corporation acting as reporting agent and PPC Energy Finance DAC acting as issuer.

Draw downs will be in accordance with the terms of the securitization transaction.

 

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