Skip to main content

Litgrid has entered into a tripartite loan transfer agreement and a new internal loan agreement with EPSO-G

Written by Customer Service on . Posted in Public Companies.

Lithuanian electricity transmission system operator Litgrid AB (company code 302564383, registered office address Karlo Gustavo Emilio Manerheimo str. 8, Vilnius, Lithuania) has entered into a tripartite loan transfer agreement with UAB EPSO-G and the European Investment Bank (EIB). Under the terms of the agreement, UAB EPSO-G assumes a loan of €20 million that was granted under a loan agreement dated on 18 December of 2014, between Litgrid AB and the EIB, intended to finance the development of the Lithuania–Poland electricity interconnection. The original loan repayment date term was scheduled for the first half of 2031.

Following the conclusion of the aforementioned tripartite agreement, Litgrid entered into the internal loan agreement with UAB EPSO-G under the same terms and conditions as those applicable to the original agreement between Litgrid and the EIB.

This transaction ensures the continuity of financial obligations and contributes to effective  management of the EPSO-G group’s capital structure, by concentrating the financing of the EPSO-G group of companies at the management company level.

More information:

Jurga Eivaitė

Project manager, Communication Division

Phone: +370 613 19977

e-mail: jurga.eivaite@litgrid.eu

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.