Published: 2015-09-16 14:57:49 CEST
LITGRID
Notification on material event

Intention to conclude long-term loan agreement

Vilnius, Lithuania, 2015-09-16 14:57 CEST -- On 11 September 2015, LITGRID AB informed the participants of the tender of EUR 75 million long-term loan (announced on 27 July 2015) through the Central Public Procurement Information System about the rankings of tender offers and the winning bid.

As decided by the procurement commission, the best bid was submitted by one of the country's largest commercial banks - SEB. The loan agreement is expected to be signed after the mandatory 15-day postponement of the contract signing period as in accordance with the procurement procedures. SEB will be paid 942.2 thousand euros for a three-year loan.

The loan is aimed to partly finance the electricity link with Sweden project NordBalt and to balance company’s cash flows.

         Vilija Railaitė
         Head of Communications
         mob. ph. +370 613 19977
         e-mail vilija.railaite@litgrid.eu