OREANDA-NEWS. On 12 January 2015, the Ministry of Finance of the Republic of Lithuania (hereinafter, the Ministry of Finance) signed a state guarantee agreement with the Nordic Investment Bank (hereinafter, the NIB) regarding the loan of EUR 34 754 402 to be given by the NIB to AB Klaip?dos Nafta (hereinafter, the Company). The state guarantee agreement secures the obligations of the Company to the NIB according to the credit facility agreement entered for a term up to 20 years on 27 November 2014 (hereinafter, the Agreement) for partial financing of the liquefied natural gas terminal (hereinafter, the LNGT) project. The Company will be able to borrow up to EUR 34 754 402 under the Agreement in total.

The state guarantee has been granted after fulfilment of all the conditions, specified in Resolution No. XIIP-1935 of the Seimas of the Republic of Lithuania “Regarding granting of the state guarantee to the Nordic Investment Bank”, dated 8 July 2014: the Company mortgaged (inter alia) all future assets that will be created during the LNGT project and that the Company will become the owner of by developing and completing the LNGT project and for the benefit of the Ministry of Finance (the state), paid a guarantee fee in the amount of EUR 34 754,40.

The Company announced about the conclusion of the Agreement in the Company’s notification on material event, dated 27 November 2014, and about fulfilment of the conditions precedent in the Company’s notification on material event, dated 30 December 2014.