OREANDA-NEWS. January 18, 2010. AB “Utenos trikotazas” signed the amendments to the financial lease agreements with AB „Swedbank lizingas“. According to the amendments 23,6 million LTL worth financial lease obligations has to be repaid within 5 year period maturing on the 30th of September 2014.

According to the General director of AB “Utenos trikotazas”, Mr. Nerijus Vilunas, the signed amendments to the financial lease agreements finalised the reorganization of the group financial obligations.

“In November 2009 AB “Utenos trikotazas” subsidiary Mrija signed amendments to the loan agreements to extend repayment schedule of 7 million LTL with the final settlement date in October 2012. Convertible bond emissions acquired by the bank and the largest shareholder mature in January 2015. 23,6 million LTL financial lease obligation settlement spans over 5 year period to end in September 2014. As such the company managed to agree on favourable repayment schedules which correspond to the existing levels of business operations and cash flows and should enhance liquidity and ensure appropriate working capital requirements for the company.