Announcement – Regulated information
July 22, 2025
PPC S.A. ("PPC") announces that it has agreed to amend the terms of the €325 million securitization transaction of receivables over 90 days past due. The amendment concerns inter alia:
· the extension of the revolving period from July 2025 to December 2025 (extended for 5 months).
· the extension of the maturity date to December 2029 due to the above extension of the revolving period.
Apart from Deutsche Bank AG and funds under PIMCO's management, which are the senior noteholders, it is noted that PPC Zeus DAC is the issuer of the bonds, while PPC acts as seller, servicer and junior noteholder. In addition, Qualco S.A. acts as sub-servicer and Citibank N.A. (London branch) acts as note trustee.
It is also noted that on June 11 2025, PPC agreed with JP Morgan and certain other parties to the transaction, the extension until December 2025 of the maturity date of the €300 million securitisation transaction from receivables to 60 days.
It is also noted that said securitization transaction was initially carried out by PPC on November 18, 2020 with certain entities and intermediary legal entities of JP Morgan acting as administrative agent and investors, Finacity Corporation acting as reporting agent and PPC Energy Finance DAC acting as issuer.