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Ignitis Grupe Capital/Financing Update 2023
2254_rns_2023-05-02_020fb94a-e5b5-4e36-bcc2-95c07089af8c.html
Capital/Financing Update
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National Storage Mechanism | Additional information
AB “Ignitis grupė” (hereinafter – the Group) informs that on 2 May April 2023 the Management Board of the Group approved the intention to conclude financing agreement of EUR 225 million (hereinafter – the Agreement) with MUFG Bank (Europe) N.V. and MUFG Bank (Europe) N.V. Germany Branch (hereinafter – MUFG bank).
The Agreement concludes two credit facilities of EUR 150 million (hereinafter – the Trade finance facility) and EUR 75 million (hereinafter – the Term loan). The Trade finance facility is uncommitted and could be used for cash advances and/or issuing letters of credit. The Term Loan is committed and is concluded for a term of 24 months. Both to be used to manage working capital needs of the Group.
The Agreement does not include additional measures ensuring the fulfilment of obligations.
The Agreement will be signed in the upcoming days, the Group will not inform about its signing in a separate material event notice.
For more information please contact:
Artūras Ketlerius
Head of Corporate Communications at Ignitis Group
+370 620 76076
