AS “Virsi A”: VIRŠI-A signs a loan agreement with SEB banka

VIRŠI-A
company announcement

AS VIRŠI-A concludes a loan agreement with AS SEB banka

In Riga, on March 10, 2022, AS VIRŠI-A signed a loan agreement with AS SEB banka for the amount of EUR 5 million with an interest rate of 1.55% + 3-month EURIBOR and a maturity in March 2027. Thanks to its solid financial performance over the past few years, the Corporation is in a solid financial position, which allows it to receive additional debt financing. The current geopolitical situation has not affected the development plans of AS VIRŠI-A, and the Company plans to use the funds raised to continue the implementation of its strategic plan in 2022 and 2023, which provides for further expansion of the service station network in Latvia, as well as the implementation of various sustainability-related projects.

Shares of AS VIRŠI-A are admitted to trading on the Nasdaq Baltic First North Market.

The certified advisor for AS VIRŠI-A is AS LHV Pank.

AS VIRŠI-A is the largest and fastest growing domestic fuel trader with 27 years of experience in the Latvian fuel trading sector. Today, the AS VIRŠI-A network has more than 66 gas stations, 65 of which are full-service, and employs more than 640 people in all regions of Latvia. Additional information about AS VIRŠI-A and future development plans can be found at virsi.lvin the Investors section: https://www.virsi.lv/for-investors

Contact information:
AS VIRŠI-A
Undine Priekule
Email: [email protected]
Telephone: +371 26141219

Certified Advisor:
AS LHV Pank
Contact person: Ivars Bergmanis
Email: [email protected]
Telephone: +372 680 2720

Warning

VIRŠI-A AS published this content on March 10, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on March 10, 2022 07:12:07 UTC.


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