InPost took out a loan from a consortium of 17 banks
InPost has taken out a loan from a consortium of 17 banks. The purpose of the loan is to repay previous liabilities and develop operations, Credit Agricole Polska, one of the consortium members, said in a Wednesday statement.
"Credit Agricole Bank Polska, together with a consortium of 16 other banks, has provided financing to InPost. The purpose of the loan is to repay previous liabilities and develop operations," the bank said in a Wednesday statement. "InPost's total financing has increased from PLN 2.75 billion to PLN 4.2 billion. The debt structure currently includes a revolving credit facility (RCF) of PLN 2.7 billion and a term loan of PLN 1.5 billion," it also reported.
The announcement states that the financing has been granted for a period of five years with two optional annual extensions. The financing structure also includes a Sustainability-Linked Loan mechanism (in which the margin depends on meeting the borrower's sustainable development goals). This mechanism is to be launched within 12 months and the decision on when this will happen will be made by InPost.
InPost provides delivery services through a network of over 47,000 parcel lockers and almost 35,000 collection points in nine countries across Europe, as well as courier and fulfillment services for e-commerce sellers.
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