Turismo
Changes in AS Tallink Grupp's loan obligations
AS Tallink Grupp (“the Group”) has signed a loan agreement in the amount of EUR 298 million. The financing is arranged by Nordea Bank Abp, filial i Norge, Danske Bank A/S, KfW-IPEX Bank GmbH, AS Swedbank and Skandinaviska Enskilda Banken AB (publ). Nordea Bank Abp, filial i Norge, Skandinaviska Enskilda Banken AB (publ) acted as coordinators. The payment and security agent is Nordea Bank Abp, filial i Norge. The loan includes sustainability-linked clauses. Nordea Bank, Filial i Norge acted as Sustainability Coordinator.
The final maturity of the Euribor based floating interest rate loan is five years.
The loan will be used to repay the outstanding balances of the following loan obligations:
As a result of the transaction the Group's refinancing risk decreases, repayment profile lengthens, loan service burden declines and pre-COVID-19 operational flexibility is restored.
The new loan is guaranteed by the subsidiaries of AS Tallink Grupp: Tallink Sea Line Ltd, Tallink Victory Line Ltd, Tallink Ltd, Tallink Autoexpress Ltd, Tallinn Swedish Line Ltd, Tallink High Speed Line Ltd, Tallink Fast Limited and Tallink Hansaway Limited. The loan is secured by the mortgages on the ships belonging to these subsidiaries.
Due to the early repayment of these loans, the arrangement fees that were amortised over the loan period will be written off.
Anneli Simm
Investor Relations Manager
AS Tallink Grupp
Sadama 5
10111 Tallinn, Estonia
E-mail: anneli.simm@tallink.ee
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti