The Management Board of Kredyt Inkaso S.A. convenes a meeting of bondholders of F1 series bonds issued by the Issuer on 26 April 2019 with a total par value of PLN 210,000,000 on the issue date. The Meeting of Bondholders shall be held on 2 July 2021 at 11:00 a.m. in Warsaw, in the registered office of the Issuer, at the address: 02-672 Warsaw, ul. Domaniewska 39, floor VI.
“The purpose of the Kredyt Inkaso is to use the favourable economic situation in the receivables market and increase the level of investments. The financial results reported so far for the previous year proved that even in difficult business and economic conditions, we are able to make a profit thanks to maintaining cost discipline and improving internal processes. We are currently planning a new issue of bonds in order to purchase further portfolios of receivables. We want to make our investments in agreement with the current bondholders of the company”, said Maciej Szymański, President of Kredyt Inkaso.
The convention of the Meeting is related to the need to adjust the levels of Financial Indicator 2 provided for in the Issue Conditions (as defined in the Issue Terms and Conditions) to the current investment needs of the Issuer. This entails the need to change the content of the Event of Default concerning Financial Indicator 2 and to supplement the Terms of Issue by additional definitions, by additional Defaults concerning, inter alia, repayment and incurring Financial Debt and by a one-off additional bonus for bondholders.
Holders of Bonds who will submit a deposit certificate with the Issuer no later than 25 June 2021, valid to ensure its up-to-dateness at the Meeting, shall be entitled to participate in the Meeting. The deposit certificates so deposited may not be withdrawn/collected before the end of the Meeting.
Kredyt Inkaso shall inform the Bondholders in a separate current report about the resolutions adopted by the meeting of Bondholders and about the consent to change the terms of issue of Bonds. The full content of the current report on convening the meeting of Bondholders can be downloaded on the company’s website. LINK.
About Kredyt Inkaso
Kredyt Inkaso was established in 2001 as a pioneer on the Polish market of debt management. Ever since, it has been constantly supporting companies and entrepreneurs in the recovery process, cooperating with banks, lenders, insurers and other entities from the consumer market. Kredyt Inkaso offers a wide range of services: from payment monitoring, through amicable collection, to court and enforcement processes.
Since 2007, Kredyt Inkaso has been present on the Warsaw Stock Exchange, and in 2018 it conducted the first public issue of bonds. In its activity, the Company follows the principle that the process of debt collection should be as easy and intelligent as possible, but first of all, it should be ethical – which is confirmed by Ethical Audit Certificates awarded annually by the Association of Financial Enterprises in Poland. The Company also pays attention to the issues related to corporate social responsibility and therefore is involved in educational or pro-social undertakings, among others.
