As at 31 December 2019 indebtedness due to loans relates to a loan reimbursed by PKN ORLEN from a consortium of banks under the Agreement for a multi-currency revolving loan of 25 April 2014 in the amount of PLN 2,130 million translated using the exchange rate as at 31 December 2019 (which corresponds to EUR 500 million).
The ORLEN Group bases its financing on fixed and floating interest rates. Depending on the currency of financing these are relevant interbank rates increased by margin. The margin reflects risk of the Group and in case of some long-term contracts depends on net debt/EBITDA ratio.