Credit line

Regarding the intention of AB “Ignitis grupė” to take a credit line of 75 million euros

September 6, 2022 9:05 a.m. EDT

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AB “Ignitis grupė” (hereinafter – the Group) informs that on September 6, 2022, the Group Management Board approved the intention to enter into a credit line agreement of 75 million euros (hereinafter – the Agreement) with Luminor Bank AS.

The line of credit will be used to finance the Group’s working capital requirement linked to the rise in energy prices. After the signing of this agreement, the total amount of credit lines entered into by the Group with banks will amount to 599 million euros.

The Contract is entered into and concluded for a period of 24 months. The agreement does not include additional measures guaranteeing compliance with the obligations. Other loan terms are confidential.

The Agreement will be signed shortly, the Group will not announce its signing in a separate notice of significant event.

For more information please contact:

Artūras Ketlerius
Public Relations Manager at Ignitis Group
[email protected]
+370 620 76076

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