New energy group EPSO-G (hereinafter referred to as the Group) (company code 302826889, registered office at Laisvės pr. 10, Vilnius, Lithuania) EPSO-G and Amber Grid, a company belonging to the Group, have signed an agreement under which the previously granted 12-month short-term loan of EUR 50 million will be replaced by a long-term loan with a maturity of 5 years. The entire long-term loan will be repaid at the end of the term. The borrowing requirement was driven by investments in long-term assets and a ...

Group 1 - The agreement between AB Amber Grid and its largest shareholder UAB EPSO-G involves replacing a previously granted 12-month short-term loan of EUR 50 million with a long-term loan maturing in 5 years, to be repaid at the end of the term [1] - The borrowing requirement is driven by investments in long-term assets and a EUR 28.8 million payment to Polish gas transmission system operator GAZ-System for the GIPL gas pipeline infrastructure, reflecting Amber Grid's financial obligations under the EU mechanism for cross-border cost allocation [2] - The reclassification of the loan to long-term is expected to positively impact Amber Grid's short-term liquidity ratios [3]