Lietuvos Energija UAB - Notification on material event

Regarding Loan Agreement with UAB EURAKRAS

Lietuvos Energija, UAB, (hereinafter – the Company) identification code 301844044, registered office placed at Žvejų str. 14, Vilnius, Republic of Lithuania. The total nominal value of issued bonds 300 000 000 EUR; ISIN code XS1646530565.

Company signed a Loan Agreement (hereinafter referred to as the Agreement) on 17 October, 2017 with UAB EURAKRAS for 25 million EUR loan granting. Proceeds from this loan will be used for the refinancing of the long-term credit in AB SEB bank, made up on 1^st August 2014. 

Before releasing 300 mln. EUR green bonds issue of Lietuvos Energija a part of its funds - was foreseen to use for funding of electricity generation from renewable energy sources. UAB EURAKRAS operates a park of 8 wind turbines with the overall capacity of 24 MW located in Lithuania, Jurbarkas district, Geišiai and Rotuliai II villages. The Company owns 100% of UAB EURAKRAS share capital.

The contractual maturity date of commitments is no later than 14 July, 2027. The fixed interest rate of the agreement amounts to 2,91%. This agreement does not provide any other additional obligations (guarantees, suretyship, pledges, etc.) to enforce obligations.

         Director of Corporate Communications Division at Lietuvos Energija, UAB, Ernesta Dapkienė, +370 61143548, ernesta.dapkiene@le.lt