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Grupa Kapitałowa Grupa Azoty
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On July 1, 2025, Grupa Azoty S.A., acting on its own behalf and on behalf of selected companies within the Grupa Azoty Capital Group, signed an annex to the agreement of February 2, 2024 (as amended), with 12 financial institutions supporting the Group. The agreement term has been extended to September 30, 2025, subject to confirmation beyond July 31 of this year. At the request of the European Investment Bank, a separate agreement was also signed—on terms broadly consistent with the main agreement—which will remain in force until July 31, 2025.
‘There is no alternative to consistently executing our recovery program in partnership with all stakeholders. Signing the annex to the existing agreement with 12 financial institutions—alongside a separate agreement with the European Investment Bank—ensures continued access to funding and gives us the time needed to finalize a long-term cooperation framework. We are in an advanced stage of negotiations, and all parties are committed to implementing systemic, long-term restructuring measures that will allow us to focus on core business operations,’ said Andrzej Skolmowski, President of the Management Board of Grupa Azoty S.A.
The annex with the 12 institutions—PKO Bank Polski S.A., Bank Gospodarstwa Krajowego, ING Bank Śląski S.A., Santander Bank Polska S.A., CaixaBank S.A. (Poland Branch), BNP Paribas Faktoring Sp. z o.o., ING Commercial Finance Polska S.A., Pekao Faktoring Sp. z o.o., BNP Paribas Bank Polska S.A., Santander Factoring Sp. z o.o., Banco Santander S.A. (Frankfurt Branch), and the European Bank for Reconstruction and Development—together with the separate agreement with the European Investment Bank, secures continued availability of credit limits under existing financing agreements. It also ensures that no steps will be taken by the institutions to cancel or reduce those limits, nor will any rights arising from potential breaches of the agreements be enforced during the agreement period.
The agreements allow the Group to continue ongoing restructuring efforts and to develop a long-term restructuring plan.
Grupa Azoty has committed to providing required documentation to all financial institutions according to an agreed schedule and to continue complying with established restrictions on investment-related dispositions, guarantees, and new financial obligations.
The Group continues to fully meet its servicing and repayment obligations under the financing agreements. The available limits under these agreements ensure liquidity and secure ongoing operations, including payments to suppliers.
The agreements may be extended further, subject to the consent of all participating financial institutions.