ALTEO Energy Services Public: WAM loan agreement 2022.11.15



Pursuant to its obligation to notify extraordinary events under the Capital Markets Act CXX of 2001 (hereafter: the Capital Markets Act) and its obligation under Act LXVII of 2019 on the encouragement of long-term shareholder engagement and the amendment of certain laws with a view to legal harmonization, ALTEO Energiaszolgáltató Nyilvánosan Működő Részvénytársaság (registered office: H-1033 Budapest, Kórház utca 6-12, company registration number : Cg.01-10-045985) (hereinafter: Company or ALTEO) hereby provides the following information:

As the Company has informed the Investors in its communication published on November 3, 2022, the Board of Directors of the Company has decided not to issue any bonds for the time being. In making this decision, the Board took into account the financial situation of the Company, its financing needs and its current and probable future sources of financing.

In this context, the Company informs Investors that the Board of Directors of ALTEO and WALLIS ASSET MANAGEMENT Zártkörűen Működő Részvénytársaság (registered office: H-1055 Budapest, Honvéd utca 20; company registration number: Cg.01 -10 046529; hereinafter: WAM) have approved the conclusion of a loan agreement (hereinafter: Agreement) between ALTEO and WAM, majority shareholder of ALTEO and affiliated party of the Company. Under the Agreement, WAM grants a loan of HUF 6 billion to ALTEO until April 30, 2023, in accordance with the transfer pricing documents used by the Parties. In addition, ALTEO has the option of early repayment from three months after the start of the Contract.

The Contract is considered favorable and necessary because it provides ALTEO with an unsecured loan for its increased working capital needs during the heating season, with more flexible terms and requiring less administration. The terms, including loan term and repayment option, are also more in line with ALTEO’s working capital financing needs than any capital market loan, cash or debt. with similar conditions. Finally, the agreed loan is available at no additional cost.

The loan will be disbursed shortly.

Budapest, November 15, 2022


ALTEO Energiaszolgaltató Nyrt. H-1033 Budapest, Kórház u. 6-12

Telephone: +36 1 236 8050 Fax: +36 1

236 8051 Email: [email protected]

Registered at: Regional Court of Budapest-Capital as Court of

Registration ⎢ Cg. 01-10-045985


ALTEO Energiaszolgaltató Nyrt. published this content on November 16, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on November 16, 2022 3:08:01 PM UTC.


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