Brief: Ignitis Grupe Concluded A 10-year Loan Agreement Of EUR 220 Million With Swedbank

Ignitis Grupe AB

09/03/2023 14:08

March 9 (Reuters) - Ignitis Grupe AB  IGN1L.VL :
    * CONCLUDED A LONG-TERM LOAN AGREEMENT FOR EUR 220 MILLION
AND A
CREDIT LINE AGREEMENT OF EUR 80 MILLION WITH SWEDBANK
    * BOD APPROVED THE GROUP’S TAKEOVER VILNIUS CHP’S LOAN
RECEIVED
FROM THE EUROPEAN INVESTMENT BANK
    * EUR 85 MILLION OF EUR 220 MILLION LOAN FROM SWEDBANK WILL
BE
USED TO FINANCE FINALISATION OF VILNIUS CHP BIOMASS UNIT
CONSTRUCTION WORKS
    * THE REMAINING PROCCEDINGS OF EUR 135 MILLION WILL BE USED
TO
REFINANCE VILNIUS CHP’S LOAN GRANTED BY EIB, WHICH THE GROUP IS
TAKING OVER
    * THE LOAN WITH SWEDBANK IS CONCLUDED FOR A 10-YEAR PERIOD
WITH
POSSIBILITY TO EXTEND IT FOR ADDITIONAL 5 YEARS

Source text:  ID:nGNE88kzwX 
Further company coverage: [IGN1L.VL, SWEDa.ST]

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