AB "Ignitis Grupe" Secures EUR 100M Credit Facility from Citibank

Source: www.gulfoilandgas.com 4/4/2023, Location: Not categorized

AB “Ignitis grupe” (hereinafter – the Group) informs that on 4 April 2023 the Management Board of the Group approved the intention to conclude a credit facility agreement of EUR 100 million (hereinafter – the Agreement) with Citibank N.A. London Branch (hereinafter – 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.

Gulf Oil and Gas
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