On 27 November 2014 Klaipėdos Nafta AB (hereinafter, the “Company”) has concluded the Credit Agreement (hereinafter, the “Loan contract”) with the Nordic Investment Bank (hereinafter, the “NIB”) regarding granting a credit of up to EUR 34 754 402 (thirty four million seven hundred fifty four thousand and four hundred two euros) for the implementation of the project of the liquefied natural gas terminal (hereinafter, the “Project”).
According to the Loan contract, the term of the credit is up to 20 years, interest: floating, which particular rate will be provided in the NIB disbursement offer. The Loan contract also provides that the minimal payable amount of credit is EUR 7 million, and all the credit amount must be paid to the Company in no more than 5 payments. 100% of the Company’s financial obligations under the Loan contract shall be secured by a State guarantee.
Other material provisions of the Loan contract and the Company’s obligations thereunder are provided in the Company’s notification on material event of 11 November 2014.
Director of Finance and Administration Department, Marius Pulkauninkas, +370 46 391 763