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Emitel has signed a loan agreement with a consortium of six banks, under which it secured its financing of PLN 1.5 billion, with an option to increase to PLN 1.6 billion upon certain conditions. The loan was granted by a group of banks supporting the Company, ensuring most favorable conditions could be achieved.

The loan will be used to repay the debt resulting from the loan agreement signed in 2016 and, depending on the Company’s requirements, to finance operating activities of the Company and the investments related to Emitel’s development plans. The contract was concluded for 3.5 years. Closing (release of funds) will take place in the near future, following the satisfaction of the conditions precedent.

Our usual approach is to refinance credit liabilities duly in advance, and today’s agreement continues this policy. We have obtained optimal conditions for the Company, and ensured a stable source of financing for our business. I thank all the financing banks for their trust and positive assessment of our long-term business assumptions,”-  said Aleksander Skołożyński, Emitel’s Management Board Member and CFO.

The loan is denominated in PLN and its interest rate was determined on the basis of the base rate plus a margin. The remaining terms of the loan are also in line with market conditions.

In the coming years, Emitel will have to carry out a large-scale refarming project of the 700Mhz band, and change the broadcasting standard to DVB-T2. In addition, the Company intends to further invest in the telecommunications infrastructure, in particular for mobile operators in connection with the planned development of the 5G network in Poland. Therefore, ensuring stable financing of Company’s operations for the coming years is key,” – said Jim Metcalfe, Managing Partner of Alinda Capital Partners, and Member of the Supervisory Board of Emitel.

The consortium of banks with which the agreement was signed comprised Bank Handlowy w Warszawie S.A., Bank Pekao S.A., DNB Bank ASA, DNB Bank Polska S.A. (acting also as the agent), PKO Bank Polski S.A. and Société Générale.

About EMITEL

EMITEL S.A., a company belonging to the American fund Alinda Capital Partners, is the largest terrestrial radio and television infrastructure operator in Poland. For over 50 years, thanks to Emitel, television and radio signals can be received in all Polish homes. In addition to services for television and radio broadcasters, Emitel offers altitude infrastructure for mobile operators, designs, and installs modern wireless communication systems, participates in the creation of smart cities, and is involved in the preparations for the construction of 5G networks in Poland.

Emitel obtained the prestigious title of Top Employer. The company thus confirms being one of the best employers in Poland

Emitel’s most valuable asset is a team full of passion and commitment made up of high-class specialists in the field of telecommunications and broadcasting. It consists of people responsible for, among others, the functioning and reliability of the largest television distribution platform in Poland.

– The value of Emitel is defined by the sum of talents of all members of our team. We are happy that it is made up of top-class specialists and enthusiasts who are devoted to their work. All our employees are united by four company values: positive energy and enthusiasm in action, searching for simple solutions, a sense of urgency, as well as the need for development and curiosity about the world. We listen to our employees and try to respond best to their needs by creating unique conditions and a great working atmosphere. This is confirmed by the annual Employee Opinion Survey – Emipuls, where the result of employee involvement increases significantly – from 70.5% in 2015 to 90.8% in 2019. We are therefore particularly pleased with the Top Employer award – says Andrzej J. Kozłowski, President of the Management Board of Emitel.

Organisations certified as Top Employers provide their employees with excellent working conditions thanks to the implementation of high HR standards and creating the best work environment in line with the “people-first” principle.

To be recognized as a Top Employer, the organisation must prove that by implementing many HR practices, it helps to enrich the world of work to provide employees with excellent development and working conditions. Organisations that have received a certificate are a great example of commitment to continuous improvement of HR practices and taking care of their employees. Congratulations! – says David Plink, CEO of Top Employers Institute

Obtaining such a certificate is preceded by a long validation process and the need to meet many conditions. The first step is to meet the formal requirements to enter the Programme, which was, among others: audit, appropriate number of employees or existence of formal HR processes in the organisation. The next step is a questionnaire survey of over 600 HR practices covered in 10 thematic areas, which covered key areas related to the management of human capital. Then, during the validation meeting, HR practices are evaluated by an external specialist, and the questionnaire responses verified based on evidence of the existence of appropriate procedures, processes and practices. The final stage was the independent external audit of the certification process carried out by external auditors

The Top Employer title is awarded only to organizations the employee offer of which meets the highest international standards.  In this year’s edition of the Top Employers Institute survey, over 1,600 organisations in 119 countries / regions on five continents were distinguished. Obtaining the certificate requires confirmation of the use of best practices in 10 areas: talent strategy, human resource planning, talent acquisition, onboarding, training and development, performance management, leadership skills development, career and succession planning, salary and benefits, as well as culture.

About Top Employers Institute

The Top Employers Institute is a global authority in the field of research on working conditions. Thanks to the Top Employers Institute certification programme, the organisations participating in the programme are validated, and thanks to the certificate they can strengthen their employer status by themselves. The Top Employers Institute was founded over 28 years ago and certifies over 1,600 organizations in 119 countries / regions every year. Certified Top Employers have a positive impact on the lives of over 6 million employees worldwide.

About Emitel

Emitel S.A. belongs to the American Alinda Capital Partners fund and is the largest terrestrial radio and television infrastructure operator in Poland. For over 50 years, thanks to Emitel, television and radio signals can be received in all Polish households. In addition to services for television and radio broadcasters, Emitel offers altitude infrastructure for mobile operators, designs and installs modern wireless communication systems, participates in the creation of smart cities and is involved in the preparation of the construction of 5G network in Poland.