SEB Grants €45 Million Credit Facility to Vilnius Heating Company Gijos
SEB has provided a €45 million credit facility to Gijos, a heating company owned by the Vilnius municipality, to help finance seasonal fuel purchases and manage fluctuations in energy prices.
Announced on 6 November, the facility will allow the company to draw funds as needed, particularly during colder periods and episodes of increased fuel costs.
The agreement provides Gijos with additional working capital flexibility ahead of the heating season. The €45 million represents available financing rather than an amount already borrowed or spent.
Source: SEB, 6 November 2026.
Editorial context
The €45 million is an available credit facility drawn only as needed; it is not an amount already borrowed or spent.