The subsidiaries of Aktsiaselts Infortar have signed a significant syndicated term loan facility agreement [Yahoo! Finance]
SWEDBANK AB S/ADR (SWDBY)
NASDAQ:AMEX Investor Relations:
swedbank.com/investor-relations
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Source: Yahoo! Finance
and Estonian gas distribution company Gaasivõrk have entered into a new EUR 170 million syndicated term loan facility agreement. The new syndicated term loan facility will enable Gaso and Gaasivõrk to refinance their existing long-term debt obligations and invest further into gas distribution networks. The syndicated financing is provided by SEB, Swedbank, and OP Corporate Bank. “Thanks to this financing, Gaso and Gaasivõrk will enhance their investment capacity, improve service quality, and strengthen security of supply for more than 400,000 customers. Natural gas plays a crucial role as a transition fuel and a supporter of renewable energy. Already today, a significant amount of domestically produced renewable gas circulates in our networks, and its share is increasing over time. Therefore, the gas infrastructure is directly linked to moving towards climate goals,” said Margus Kaasik, Chairman of the Management Board of Elenger Grupp. SEB Management Board member and Head of Co
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News
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