Analyst Research

Report Title Price
Provider: GlobalData
Provider: GlobalData

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Klaipedos Nafta AB Approves Conditions of Overdraft Credit Agreement; Revokes Mr. Valentinas Milaknis from Chairman of Supervisory Board

Monday, 11 Feb 2013 11:03am EST 

Klaipedos Nafta AB (KN) announced that it has decided, at its Extraordinary General Meeting of Shareholders, to enter into the agreement for assignment of the rights of claim with the winner of the public procurement of overdraft services by way of negotiated procedures with publication of a tender notice, Nordea Bank Finland Plc, acting in Lithuania through the Lithuanian Branch of Nordea Bank Finland Plc (Bank). KN has decided to enter into an agreement with the Bank for assignment of the rights of claim to the receivable funds intended for covering all or some of the expenses of installation of the liquefied natural gas terminal, its facilities and the connection to the Bank, this agreement for assignment of the rights of claim being intended to secure the overdraft agreement between KN and the Bank, pursuant to which: the amount of the overdraft granted under the overdraft agreement must be LTL 120,000,000. Upon the unilateral request of KN, the amount of the overdraft may be increased by 30%, up to LTL 156,000,000; the overdraft must be given for a term until June 30, 2015, with a possibility to extend the agreement for an additional term of 12 months under conditions which may not be worse; the overdraft base interest rate is three months’ VILIBOR and the Bank’s interest margin is no more than 0.94%. KN also announced that it has decided, at the same meeting, to revoke Mr. Valentinas Milaknis from KN’s Chairman of the Supervisory Board, with immediate effect. 

Company Quote

0.0050 +1.75%
21 Aug 2014