Under the terms of the agreement, the funds will be used first and foremost to settle the PLN 400 million advance payment received in connection with the planned sale of JZR and PBSz, along with accrued interest. The remainder of the funding will be allocated to the execution and implementation of the JSW Group’s Remedy Program, in particular to measures aimed at reducing costs and optimizing the Group’s operations.
The loan will be disbursed in tranches, the release of which is contingent, among other things, on the implementation of corrective measures. The final amount of the funding will depend on the proceeds ARP raises from the sale of government securities. The agreement provides for financing through 30 June 2038, with a grace period for principal repayment through 30 June 2029. The interest rate was set based on the WIBOR 3M rate plus a margin.
The loan is a key element in the implementation of the February 2026 Implementation Memorandum of Agreement and has been made possible thanks to an amendment to the Act on the System of Development Institutions, introduced by Silesian members of parliament and drafted by the Ministry of State Assets in cooperation with the Ministry of Energy.
The detailed terms of the agreement, including the rules for disbursing the tranches, the repayment schedule and the collateral package, are presented in Current Report No. 74/2026.
