AB Amber Grid Finalizes New Lending Agreement with EPSO-G
AB Amber Grid, a prominent entity in the Lithuanian gas transmission industry, has recently made a significant announcement regarding its financial operations. The company, identified by the legal entity code 303090867 and located at Laisv?s ave. 10, LT-04215 Vilnius, has successfully established a new mutual lending and borrowing agreement with its parent company, UAB EPSO-G.
Details of the New Agreement
This new agreement updates the previous arrangement and introduces a maximum lending limit of EUR 70,000,000 for EPSO-G. In contrast, AB Amber Grid's lending limit has been set at EUR 10,000,000. These terms reflect a strategic effort to reinforce the financial relationship between the two organizations, allowing both to effectively manage their borrowing requirements.
Term of the Agreement
A key aspect of this new agreement is its maximum maturity period, which extends up to three years. This duration enables both parties to plan their financial strategies more effectively, ensuring stability and supporting long-term financial operations. The three-year term demonstrates a commitment from both AB Amber Grid and EPSO-G to enhance their collaborative efforts in the gas transmission sector.
Previous Agreement Termination
The initiation of this new agreement required the termination of the existing mutual lending and borrowing framework that was in effect prior to this date. This transition highlights AB Amber Grid's proactive approach to adapting its agreements in response to changing financial conditions, ensuring both parties can remain flexible in managing their resources.
Contact Information
For any inquiries regarding this new agreement, stakeholders and interested parties are encouraged to contact Laura Šebekien?, the Head of Communications at Amber Grid. She is available at +370 699 61 246 or via email at l.sebekiene@ambergrid.lt. Her expertise will provide further insights into the implications of this new lending arrangement.
Impact on the Gas Transmission Sector
The establishment of this agreement is expected to have a significant impact on the gas transmission sector, potentially affecting operational activities. The enhanced financial support will likely empower both AB Amber Grid and EPSO-G to invest in essential infrastructure improvements, leading to more efficient gas transmission services throughout the region.
Frequently Asked Questions
What is the main focus of the new agreement?
The new agreement aims to outline the lending limits between AB Amber Grid and EPSO-G, with the goal of strengthening their financial partnership.
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 considerable timeframe.
Why was the previous agreement terminated?
The previous mutual lending agreement was terminated to enable AB Amber Grid to adapt its financial operations and create a new agreement that better aligns with current needs.
Who can I contact for more information about the agreement?
For additional information, you can contact Laura Šebekien?, the Head of Communications at Amber Grid, at +370 699 61 246 or via email at l.sebekiene@ambergrid.lt.
