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Current Report 5 October 2017

Release Date: 10/5/2017 12:21:13 PM






Current report

In accordance with Law no.297 / 2004 on capital markets and Regulation No. 1/2006 of NSC


Date of report: 05 October 2017

Name of the issuing entity: TMK-ARTROM S.A.

Registered office: Slatina, Draganesti Street, no. 30, Olt County

Telephone / fax number: +40249436862/ +40249434330

Tax Identification Number: RO 1510210

Registered in the Trade Register under no.: J28/9/1991

Subscribed and paid up share capital: 291.587.538,34 RON

Regulated market where the issued securities are transacted: Bucharest Stock Exchange - STANDARD Category (market symbol ART)


Important event to be reported

On 03.10.2017, the Board of Directors of TMK-ARTROM S.A approved the following:


 Point (1). Changing the credit agreement no. 1624/08.11.2016 („BANCPOST Facility”) concluded by TMK-Artrom, as a borrower, TMK-RESITA as Fideiusor, with Bancpost SA (“BANCPOST”), as creditor, in amount of 10.000.000 EUR („The amount of BANCPOST Facility”) for financing the circulating capital, as follows:

-          Changing the type and the object of the facility as follows:

o   1.1. sublimit 1: overdraft; to provide working capital to cover the financial needs of the current business of the Borrower;

o   1.2. sublimit 2: issuing commitments (i.e. letters of guarantee and / or letters of credit), whose validity does not exceed the Final Maturity Date.”

-          Changing the approved facility limit by increasing it from EUR 10,000,000, EUR 20,000,000, EUR 00, the amount of the facility could be used as follows:

o   Sublimit 1- overdraft : maximum 20.000.000,00 EUR;

o    Sublimit 2 (issuing commitments) up to 20.000.000,00 EUR.



Point (2). In order to insure the full reimbursement and fulfillment by the Company of its obligations ( on the entire duration of their existence) from BANCPOST Facility, were constituted the following guarantees in the favor of BANCPOST:


i.                     Corporate guarantee letter issued by PAO TMK amended for the new value of the facility;


ii.                   Security mortgage on the balances of current and future accounts opened by the Company on BANCPOST („Security mortgage on accounts BANCPOST””)


iii.                  Fideiusiune (personal guarantee) issued by TMK Resita S.A.







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