IGN AB Ignitis Grupe GDR

Ignitis Group will conclude EUR 70 million credit line agreement with Swedbank AB

Ignitis Group will conclude EUR 70 million credit line agreement with Swedbank AB

AB “Ignitis grupė” (hereinafter – the Group) informs that on 24 October 2023 the Management Board of the Group approved the intention to conclude a credit line agreement of EUR 70 million (hereinafter – the Agreement) with Swedbank AB.

The credit line will be used to manage working capital needs and to maintain adequately liquidity of the Group. After signing this Agreement the total amount of credit lines concluded by the Group with banks will amount to EUR 844 million.

The Agreement is committed and is concluded for a term of 24 months. The Agreement does not include additional measures for ensuring the fulfilment of obligations.

The Agreement will be signed in the coming days, the Group will not inform about its signing in a separate material event notice.

The information provided in this notification does not change the Group’s Adjusted EBITDA guidance.

For more information please contact:

Artūras Ketlerius

Head of Corporate Communications at Ignitis Group





EN
24/10/2023

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