Brief: Ignitis BoD Approved A Credit Line Agreement Of EUR 75 Million With Luminor Bank

Ignitis Grupe AB

06/09/2022 14:11

Sept 6 (Reuters) - Ignitis Grupe AB  IGN1L.VL :
    * BOD APPROVED ΤΗΕ INTENTION TO CONCLUDE A CREDIT LINE
AGREEMENT
OF EUR 75 MILLION WITH LUMINOR BANK
    * THE CREDIT LINE WILL BE USED TO FINANCE 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 599 MILLION
    * THE AGREEMENT IS COMMITTED AND IS CONCLUDED FOR A TERM OF
24
MONTHS

Source text:  ID:nGNEJSBSm 
Further company coverage:  IGN1L.VL 

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