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AB “Ignitis grupė” will conclude EUR 225 million financing agreement with MUFG Bank

Ignitis grupė
Ignitis grupė

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.

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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
arturas.ketlerius@ignitis.lt
+370 620 76076