Skip to main content

Regarding the AB “Ignitis grupė” intention to loan up to EUR 300m

Written by Customer Service on . Posted in Public Companies.

Regarding the AB “Ignitis grupė” intention to loan up to EUR 300m to UAB “Ignitis”

AB “Ignitis grupė” (hereinafter – the Group) informs that on 22 November 2021 the Group Supervisory Board approved the conclusion of the loan agreement, which would not exceed EUR 300m, (hereinafter – the Loan) with UAB “Ignitis” (hereinafter – Ignitis). The approval of the Loan was also submitted by the Group Audit Committee.

The funds from the Loan will be allocated, as necessary, to finance differences between actual electricity/natural gas purchase prices and the approved tariffs for household consumers throughout 2021–2022. The amortisation of increased prices for more gradual changes for household consumers in electricity tariff is possible for a period shorter than until 31 December 2027, and in the natural gas tariff – shorter than 5 years from the regulatory period for which the estimated natural gas (product) price reduction was applied. The borrowing costs incurred by the Group will be compensated according to the procedure set out in the Law on Electricity and Law on Natural Gas of the Republic of Lithuanian as well as in the relevant methodologies of National Energy Regulatory Council. The Group informed about the related changes in legislation by a separate notification.

The Loan will be allocated from the bond funds raised by the Group and its equity. Considering the uncertainty of the required working capital, which depends on the actual electricity/natural gas purchase prices, the Loan agreement provides a possibility to use the Loan in parts, as necessary, over the period of one year from the conclusion of the Loan agreement. The repayment period for each part of the Loan – no longer than 6 years from the moment of the money transfer. Each part of the Loan can be repaid before the end of the ultimate Loan repayment period. This agreement does not include additional measures ensuring the fulfilment of obligations.

The Loan agreement will be signed in the nearest future, the Group will not inform about its signing and its repayment in a separate material event notification.


For more information please contact:

Artūras Ketlerius
Head of Public Relations
arturas.ketlerius@ignitis.lt
+370 620 76076

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.