25th Oct 2022 14:01
Regarding the intention of AB “Ignitis grupė” to take credit line of EUR 120 millionAB “Ignitis grupė” (hereinafter – the Group) informs that on 25 October 2022 the Management Board of the Group approved the intention to conclude a credit line agreement of EUR 120 million (hereinafter – the Agreement) with AB SEB bank, AS „SEB Banka“ and AS SEB Pank.
The credit line will be used to finance the Group's need for working capital due to increased energy prices. After signing this Agreement the total amount of credit lines concluded by the Group with banks will amount to EUR 719 million.
The Agreement is committed and is concluded for a term of 12 months. 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 Ketlerius Head of Public Relations at Ignitis Group [email protected] +370 620 76076
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