14th Mar 2022 14:30
Regarding the intention of AB “Ignitis grupė” subsidiary UAB “Ignitis” to take a loan up to EUR 150 millionAB “Ignitis grupė” (hereinafter – the Group) informs that on 14th March 2022 the Management Board of its subsidiary UAB “Ignitis” (hereinafter – the Company) approved the intention to conclude a short-term loan agreement of up to EUR 150 million (hereinafter – the Agreement) with AB Swedbank.
Having acquired three unscheduled liquefied natural gas cargoes in 2022 so far, the Company , will use the loan to fund the purchase of additional liquefied natural gas cargoes in order to ensure uninterrupted gas supply for the customers of the Company. The loan also could be used to fund other working capital needs.
The Agreement does not include additional measures ensuring the fulfilment of obligations. Other loan terms and conditions are confidential.
The Agreement will be signed in the near future, the Group will not inform about its signing in a separate material event notice.
For more information please contact:
Artūras KetleriusHead of Public Relations at Ignitis [email protected]+370 620 76076
Related Shares:
Ab Ignitis. S