AB Amber Grid Launches New Lending Agreement with EPSO-G
AB Amber Grid Finalizes New Lending Agreement with EPSO-G
AB Amber Grid, a recognized player in the Lithuanian gas transmission sector, recently announced an important development in its financial operations. The company, which operates under the legal entity code 303090867 and is located at Laisv?s ave. 10, LT-04215 Vilnius, has concluded a new mutual lending and borrowing agreement with its parent company, UAB EPSO-G.
Details of the New Agreement
This recent agreement, which revises the previous arrangement, sets a maximum lending limit of EUR 70,000,000 for EPSO-G. Meanwhile, AB Amber Grid's own lending limit has been established at EUR 10,000,000. Such terms suggest a strategic move to strengthen the financial ties between the two entities while ensuring that both parties can effectively manage their borrowing needs.
Term of the Agreement
One of the notable features of this new agreement is its maximum maturity period, which spans up to three years. This timeframe allows both parties to plan their financial strategies more effectively, ensuring stability and facilitating long-term financial operations. The three-year term signifies a commitment that both AB Amber Grid and EPSO-G are ready to uphold to enhance their collaborative efforts in the gas transmission domain.
Previous Agreement Termination
The conclusion of this new agreement necessitated the termination of the existing mutual lending and borrowing framework that had been in place prior to this date. The shift underscores AB Amber Grid's proactive measures to adapt its agreements in line with evolving financial circumstances, ensuring both parties remain agile in managing their resources.
Contact Information
For further inquiries about this new agreement, stakeholders and interested parties are encouraged to reach out to Laura Šebekien?, the Head of Communications at Amber Grid. She can be contacted at +370 699 61 246 or via email at l.sebekiene@ambergrid.lt. Her expertise will provide additional insights into the implications of this new lending arrangement.
Impact on the Gas Transmission Sector
The formation of this agreement is anticipated to have a ripple effect in the gas transmission sector, potentially impacting operational activities. Strengthened financial backing will likely enable both AB Amber Grid and EPSO-G to invest in critical infrastructure enhancements, paving the way for more efficient gas transmission services across the region.
Frequently Asked Questions
What is the main focus of the new agreement?
The new agreement focuses on defining lending limits between AB Amber Grid and EPSO-G, aiming to strengthen their financial collaboration.
What are the lending limits set in the new agreement?
The maximum lending limit for EPSO-G is EUR 70,000,000, while AB Amber Grid has a lending limit of EUR 10,000,000.
How long is the new lending agreement effective?
The new agreement has a maximum maturity period of three years, allowing both parties to manage their financial strategies over a substantial timeframe.
Why was the previous agreement terminated?
The previous mutual lending agreement was terminated to allow AB Amber Grid to adapt its financial operations and establish a new, more tailored agreement that better meets current needs.
Who can I contact for more information about the agreement?
For more details, you can reach out to Laura Šebekien?, the Head of Communications at Amber Grid, at +370 699 61 246 or via email at l.sebekiene@ambergrid.lt.
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