Announcement – Regulated information
January 15, 2026
PPC S.A. ("PPC") announces that it has agreed with JP Morgan to extend until June 2026 (from December 2025) the maturity date of the € 300 m. securitization transaction of receivables over 60 days past due.
It is noted that said securitization transaction was initially carried out by PPC on November 18.11.2020 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.
It is also noted that as far as the € 325 m. securitization transaction of receivables over 90 days past due is concerned, PPC, following the maturity of the revolving period in December 2025, will proceed to the gradual repayment of the program in the first half of 2026.
Deutsche Bank AG and funds managed by PIMCO are the senior noteholders, PPC Zeus DAC is the issuer of the bonds while PPC acts as seller, servicer and junior noteholder. Additionally, Qualco S.A. acts as sub-servicer and Cititbank N.A. (London Branch) acts as note Trustee.