Preformed Line Products Secures PLN100.3 Million Loan with Bank Pekao S.A. for New Manufacturing Plant Construction

Reuters

07-23

Preformed Line Products Secures PLN100.3 Million Loan with Bank Pekao S.A. for New Manufacturing Plant Construction

Preformed Line Products Company has announced that its subsidiary, PLP Poland (Belos) S.A., has entered into a non-revolving investment loan agreement with Bank Polska Kasa Opieki Spółka Akcyjna (Bank Pekao S.A.) to fund the construction of a new manufacturing facility. The loan, guaranteed by Preformed Line Products Company, is secured by PLP Poland's current manufacturing plant, the new plant under construction, and all fixed assets within both facilities. The loan allows for an amount of up to PLN100.3 million ($27.4 million) and will bear interest at the one-month Warsaw Interbank Offered Rate (WIBOR) plus 1.0% per annum. However, if the company's funded debt to EBITDA ratio exceeds 3.0 to 1, the WIBOR spread will increase to 1.5%. The loan is set to mature on January 31, 2035, with annual repayment installments starting in 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Preformed Line Products Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000080035-25-000006), on July 22, 2025, and is solely responsible for the information contained therein.

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ID: 0000080035-25-000006), on July 22, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Preformed Line Products Secures PLN100.3 Million Loan with Bank Pekao S.A. for New Manufacturing Plant Construction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPreformed Line Products Secures PLN100.3 Million Loan with Bank Pekao S.A. for New Manufacturing Plant Construction\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-23 00:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Preformed Line Products Secures PLN100.3 Million Loan with Bank Pekao S.A. for New Manufacturing Plant Construction\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/PLPC\">Preformed Line Products Company</a> has announced that its subsidiary, PLP Poland (Belos) S.A., has entered into a non-revolving investment loan agreement with <a href=\"https://laohu8.com/S/BKPKF\">Bank Polska Kasa Opieki</a> Spółka Akcyjna (Bank Pekao S.A.) to fund the construction of a new manufacturing facility. The loan, guaranteed by Preformed Line Products Company, is secured by PLP Poland's current manufacturing plant, the new plant under construction, and all fixed assets within both facilities. The loan allows for an amount of up to PLN100.3 million ($27.4 million) and will bear interest at the one-month Warsaw Interbank Offered Rate (WIBOR) plus 1.0% per annum. However, if the company's funded debt to EBITDA ratio exceeds 3.0 to 1, the WIBOR spread will increase to 1.5%. The loan is set to mature on January 31, 2035, with annual repayment installments starting in 2026.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Preformed Line Products Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000080035-25-000006), on July 22, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLPC","symbol_name":"Preformed Line Products Company","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250722:nNDLG7SyV:1","article_id":"2553925741","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553925741","pubTimestamp":1753202595,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Preformed Line Products Company has announced that its subsidiary, PLP Poland  S.A., has entered into a non-revolving investment loan agreement with Bank Polska Kasa Opieki Spóka Akcyjna  to fund the construction of a new manufacturing facility. The loan, guaranteed by Preformed Line Products Company, is secured by PLP Poland's current manufacturing plant, the new plant under construction, and all fixed assets within both facilities. The loan allows for an amount of up to PLN100.3 million  and will bear interest at the one-month Warsaw Interbank Offered Rate  plus 1.0% per annum. However, if the company's funded debt to EBITDA ratio exceeds 3.0 to 1, the WIBOR spread will increase to 1.5%. The loan is set to mature on January 31, 2035, with annual repayment installments starting in 2026.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLPC":"Preformed Line Products Company","BK4096":"电气部件与设备"},"translate_title":"Preformed Line Products从Bank Pekao S.A.获得1.003亿兹罗提贷款，用于建设新制造工厂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLPC":0.9},"content_text":"Preformed Line Products Secures PLN100.3 Million Loan with Bank Pekao S.A. for New Manufacturing Plant Construction\n    \n\nPreformed Line Products Company has announced that its subsidiary, PLP Poland (Belos) S.A., has entered into a non-revolving investment loan agreement with Bank Polska Kasa Opieki Spółka Akcyjna (Bank Pekao S.A.) to fund the construction of a new manufacturing facility. The loan, guaranteed by Preformed Line Products Company, is secured by PLP Poland's current manufacturing plant, the new plant under construction, and all fixed assets within both facilities. The loan allows for an amount of up to PLN100.3 million ($27.4 million) and will bear interest at the one-month Warsaw Interbank Offered Rate (WIBOR) plus 1.0% per annum. However, if the company's funded debt to EBITDA ratio exceeds 3.0 to 1, the WIBOR spread will increase to 1.5%. The loan is set to mature on January 31, 2035, with annual repayment installments starting in 2026.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Preformed Line Products Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000080035-25-000006), on July 22, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}