AS Tallink Grupp Extends EUR 298 Million Loan Agreement
News related to:AS Tallink Grupp · 1 min read
AS Tallink Grupp has amended and restated a EUR 298 million loan agreement from December 2023. The final maturity of the Euribor-based floating interest rate loan has been extended by two years, with two further extension possibilities, each by one year. The current outstanding balance of the loan stands at EUR 169.4 million.
This change in the loan agreement is aimed at reducing the company's refinancing risk. The financing is arranged by a consortium of banks including Nordea Bank ABP NUF, Danske Bank A/S, KfW IPEX Bank GmbH, AS Swedbank, and Skandinaviska Enskilda Banken AB. Nordea Bank ABP NUF acted as the coordinator for this arrangement.
The loan is guaranteed by the subsidiaries of AS Tallink Grupp, including Tallink High Speed Line Ltd, Tallink Fast Ltd, Tallink Sea Line Ltd, Tallink Victory Line Ltd, Tallink Ltd, Tallink Autoexpress Ltd, and Tallinn Swedish Line Ltd. The loan is secured by mortgages on the ships belonging to these subsidiaries.