Brief: Ignitis Grupe To Conclude A Credit Line Agreement Of EUR 120.0 Million

Ignitis Grupe AB

25/10/2022 14:06

Oct 25 (Reuters) - Ignitis Grupe AB  IGN1L.VL :
    * IGNITIS GRUPE SAYS MANAGEMENT BOARD APPROVES INTENTION TO
CONCLUDE A CREDIT LINE AGREEMENT OF EUR 120.0 MILLION WITH AB
SEB BANK, AS SEB BANKA AND AS SEB PANK
    * IGNITIS GRUPE SAYS CREDIT LINE WILL BE USED TO FINANCE THE
GROUP'S NEED FOR WORKING CAPITAL DUE TO INCREASED ENERGY PRICES
    * IGNITIS GRUPE SAYS AFTER SIGNING THIS AGREEMENT THE TOTAL
AMOUNT
OF CREDIT LINES CONCLUDED BY THE GROUP WITH BANKS WILL AMOUNT TO
EUR 719 MILLION
    * IGNITIS GRUPE SAYS THE AGREEMENT IS COMMITTED AND IS
CONCLUDED
FOR A TERM OF 12 MONTHS

Source text:  ID:nGNEblt02Y 
 
Further company coverage:  IGN1L.VL 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))