New energy group EPSO-G and Swedbank in Lithuania have signed two credit facility agreements totaling EUR 160 million. The facilities will be available as needed for a period of two years, with an option to extend them for an additional year.
“We continuously monitor liquidity indicators and maintain sufficient liquidity reserves and financial capacity to ensure the Group can meet its obligations even under adverse market conditions. Our goal is to maintain a level of liquidity that minimizes credit risk and supports the group’s financial resilience,” says Mindaugas Keizeris, CEO of the EPSO-G Group.
According to M. Keizeris, given the current market environment, the group aims to maintain a financial reserve that could be used, if necessary, to finance strategic investments, meet working capital needs, or refinance existing loans.
“The EUR 160 million financing package for the EPSO-G Group reflects our strategic commitment to supporting projects that are critical to Lithuania’s energy security and defence. The two credit facilities, valued at EUR 75 million and EUR 85 million respectively, create an additional financial reserve that will support the smooth implementation of the Group’s planned large-scale projects and further strengthen the country’s long-term resilience,” says Ignas Mačeika, Head of Corporate Banking at Swedbank in Lithuania.
This is not the first joint project between EPSO-G Group and Swedbank. In 2025, the parties signed a EUR 73 million loan agreement to finance investments by EPSO-G Invest, a company within the EPSO-G Group, in an artillery ammunition manufacturing facility being developed in Lithuania together with German defence industry leader Rheinmetall. The project is considered one of the most significant investments in Lithuania’s defence industry and is expected to contribute to strengthening the security of both Lithuania and the wider region.
EPSO-G group of companies consists of the holding company EPSO-G and its five direct subsidiaries Amber Grid, Baltpool, Energy Cells, Litgrid and Tetas. EPSO-G and its Group companies also hold shares in Rheinmetall Defence Lietuva, Baltic RCC OÜ and TSO Holding AS. The rights and obligations of the sole shareholder of EPSO-G are exercised by the Ministry of Energy of the Republic of Lithuania.