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Provider: ValuEngine, Inc.
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Energa SA with Subsidiary Sign Loan Agreement with European Investment Bank

Wednesday, 10 Jul 2013 06:20am EDT 

Energa SA announced that on July 10, 2013 both Energa SA and ENERGA-OPERATOR SA (a subsidiary of the Company) concluded with the European Investment Bank a loan agreement in the amount of PLN 1 billion. Funds raised from the Agreement will be allocated for financing of an ENERGA-OPERATOR long-term investment program. Total cost of the ENERGA-OPERATOR investment program for 2012-2015 is estimated at PLN 5.2 billion. The loan availability expires on May 10, 2016. The loan repayment period is up to 15 years from the date of disbursement of each tranche. The loan is unsecured and based on standard legal provisions. The loan interest rate may be fixed or floating. 

Company Quote

27 Apr 2015