The management board of AB “Ignitis grupė” approved the intention to conclude a credit facility agreement of EUR 100 ($109.4 million) million with Citibank.
The credit facility limit will be used to manage working capital needs.
The agreement is committed and is concluded for a term of 12 months. The agreement does not include additional measures ensuring the fulfilment of obligations.
The agreement will be signed in the upcoming days, the group will not inform about its signing in a separate material event notice.