KN gets FSRU loan commitment

Wednesday, 18 March 2020
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AB Klaipedos nafta (KN) has concluded a loan agreement with Nordic Investment Bank for up to €160 mill.

This will be used to finance the acquisition of an FSRU. 

The loan is for up to 25 years and, upon approval of the state aid by the European Commission, 100% of the company’s financial obligations under the loan agreement will be secured by a state guarantee.

The final loan amount will be determined by the cost of FSRU and the total costs of the technical and financial commitments.

Main terms of the acquisition of the specific FSRU and the final decision will be approved in a separate KN Board meeting.

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