New Financing Arrangements
DP Poland's subsidiary secures PLN 15 million in new financing facilities from BNP Paribas to support growth and warehouse modernisation.
- New non-revolving loan facility PLN 5 million
- Overdraft facility PLN 7 million
- Revolving framework agreement PLN 3 million
- Total facilities PLN 15 million
- Selected assets pledged as collateral up to PLN 18 million
- Net debt to EBITDA covenant 3.5x maximum
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DP Poland, the operator of Domino's pizza stores and restaurants across Poland and Croatia, announces that its wholly owned subsidiary DP Polska S.A. has agreed new financing arrangements with BNP Paribas Bank Polska S.A. (together, the "Facilities").
Nils Gornall, Chief Executive Officer, commented:
"These new facilities from BNP Paribas provide increased financial flexibility as we continue our operational upgrade programme and accelerate the conversion of Pizzeria 105 sites. The support of a major banking partner underscores confidence in our strategy and in the long-term growth prospects for Domino's in both Poland and Croatia."
The new Facilities comprise:
- a five-year non-revolving loan facility of up to PLN 5 million (the "New Facility"),
- a one-year overdraft facility of up to PLN 7 million (the "Overdraft Facility"), and
- a one-year revolving framework agreement of PLN 3 million (the "Framework Agreement")
The Facilities will strengthen the Group's working capital position and provide additional capital to modernise the Łódź warehouse and consolidate dough production into a single site. They will also support the continued conversion of Pizzeria 105 restaurants to the Domino's system, an important step in the Group's strategy to scale beyond 200 locations.
Structure and Security
DP Polska S.A. will act as borrower, with Mastagrupa S.A. (the subsidiary operating the Pizzeria 105 brand) providing guarantees. Selected enterprise assets will be pledged as collateral up to PLN 18 million, together with standard security over bank accounts.
The Facilities include customary financial covenants, comprising a maximum net debt to post-IFRS EBITDA ratio of 3.5x (vs. 1.5x at 30 September 2025*) and a minimum Debt Service Coverage Ratio of 1.2x (not applicable as at 30 September 2025**). Covenants will be tested quarterly.
* unaudited
** calculation is not applicable as there is no debt financing
Key Terms
New Facility
- Term: 60 months
- Interest: WIBOR 3M + 2.1 per cent
- Guarantee: Mastagrupa S.A. up to PLN 7.5 million
Overdraft Facility
- Term: 12 months
- Interest: WIBOR 1M + 1.5 per cent
- Guarantee: Mastagrupa S.A. up to PLN 10.5 million
Framework Agreement
- Term: 12 months
- Guarantee: Mastagrupa S.A. up to PLN 0.45 million
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.