Dentons has advised Lithuanian-headquartered energy company Ignitis Grupe on financing from MUFG Bank. Reportedly, TGS Baltic advised Ignitis Grupe as well.
Ignitis Grupe is involved in power and heat generation and distribution, natural gas trade and distribution, and support services.
According to Dentons, the financing was a “EUR 225 million transaction from MUFG Bank, consisting of a EUR 150 million trade financing limit and a 24-month EUR 75 million term loan.” The financing will be used for Ignitis Grupe’s working capital needs.
The Dentons team included Partner Mark Segall and Senior Associate Anna Booth.
