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PKO Bank Polski has signed an agreement with the copper company for an unsecured loan amounting to USD 250 million. The bank has provided KGHM with financing in the form of revolving credit lines. This is a continuation of KGHM's strategic approach to ensuring financial stability based on the diversified financing structure of the Capital Group using long-term instruments.

The loan will be allocated to financing general corporate purposes, including the refinancing of a USD 150 million debt from a loan granted by PKO BP in 2018. The remaining available credit will increase the company's capacity to support investment development, including those related to the company's green transformation.

The availability period for the credit is 5 years, with the possibility of a two-year extension, each for 1 year. The interest rate on the revolving credit is set annually based on a variable interest rate equal to the reference rate plus a margin.

– We are consistently optimizing our financing and utilizing long-term financial instruments. The loan granted by PKO Bank Polski demonstrates our business credibility and enhances our investment capabilities. We are translating the bank's trust into solid and satisfactory company results – said Mateusz Wodejko, Vice-President of the Management Board of KGHM for Financial Affairs.

– We are pleased with our many years of cooperation with such an important Group as KGHM. The solution proposed by our bank to the client is an example of an individual approach to their financial security needs. Heavy and mining industries are an important element of the Polish economy. Thanks to the group's experience and global position, and cooperation with a strong financial partner like PKO Bank Polski, today's challenges facing KGHM and the Polish economy will be easier to overcome, and the green transformation, which is one of our bank's strategic goals, will be implemented faster – says Paweł Gruza, Vice-President of the Management Board of PKO Bank Polski, heading the management board's work.

KGHM has been collaborating with PKO BP SA to great satisfaction in various banking areas for many years. The bank provides financial security in the form of working capital, guarantee lines, and letters of credit lines, necessary for servicing contracts with suppliers and subcontractors.