The District Court in Bydgoszcz issued a decision approving the arrangement in the Issuer's accelerated arrangement procedure with a partial arrangement. The arrangement as approved by the Court provides for the repayment of claims arising from series A bonds in twelve installments, payable quarterly, with the simultaneous payment of interest in the same amount as resulting from the terms of the bond issue for the period from the date on which the decision approving the arrangement becomes final. The company will also pay the bondholders the statutory interest for the delay from the bond redemption date until the day preceding the date of the decision approving the arrangement becoming legally binding.
The performance of the arrangement has begun on January 4th 2021.
All installments planned for 2021, ie. 5 out of 12 have already been repaid.