Latvenergo
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Latvenergo AS signs short-term loan agreement with Swedbank AS

Riga, 2024-08-16 14:43 CEST -- On 15 August this year, Latvenergo AS signed short-term loan agreement (overdraft agreement) for the financing of working capital and issuing guarantees to companies of Latvenergo Group with Swedbank AS in the amount of EUR 100 million. The term for agreement is up to 2 years.

The procurement procedure was organized for the conclusion of the short-term loan agreement in which Swedbank AS was recognized as the winner.

Latvenergo AS raises capital on a regular basis in order to ensure timely provision of funds for the financing of capital investments and liquidity. The international credit rating agency Moody’s has assigned Latvenergo AS the investment grade credit rating Baa2 with a stable outlook confirming stability and the solid financial performance of Latvenergo Group.

Additional information:
Jānis Irbe
Group Treasurer
Phone: +371 29 453 897
E-mail: investor.relations@latvenergo.lv

www.latvenergo.lv

About Latvenergo

Latvenergo Group is one of the leading energy suppliers in the Baltics operating in electricity and thermal energy generation and trade, natural gas trade and electricity distribution services. Latvenergo AS has been acknowledged as the most valuable company in Latvia for several times. International credit rating agency Moody's has assigned Latvenergo AS an investment-grade credit rating of Baa2/stable.

Latvenergo Group is comprised of the parent company Latvenergo AS (generation and trade of electricity and thermal energy, trade of natural gas) and subsidiaries - Sadales tīkls AS (electricity distribution), Elektrum Eesti OÜ (trade of electricity and natural gas in Estonia), Elektrum Lietuva UAB (trade of electricity and natural gas in Lithuania), Enerģijas publiskais tirgotājs AS (administration of mandatory electricity procurement process), Liepājas enerģija SIA (generation and trade of thermal energy in Liepaja, electricity generation) and Latvijas vēja parki SIA (development of wind parks in Latvia). All shares of Latvenergo AS are owned by the state and held by the Ministry of Economics of the Republic of Latvia.