Capital/Financing Update • Jul 5, 2018
Capital/Financing Update
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Change in AS Tallink Grupp’s loan obligations
Today AS Tallink Grupp signed a loan agreement in the amount of EUR 110 million.
The financing is arranged by Nordea Bank AB (publ), Finnish Branch, Danske Bank
A/S, Finland Branch and HSH Nordbank AG. The payment- and security agent is
Nordea Bank AB (publ), Finnish Branch. The final maturity of the floating
interest rate euribor based loan is six years.
The loan will be drawn in October 2018 and proceeds are used to repay the NOK
900 million bonds issued in June 2013 and to terminate the related hedge
transactions. As a result of the transaction Group's refinancing risk decreases.
The new loan is guaranteed by Tallink Fast Ltd., a subsidiary of AS Tallink
Grupp and is secured by the mortgage on the vessel Baltic Princess belonging to
the same subsidiary.
Veiko Haavapuu
Financial Director
AS Tallink Grupp
Sadama 5/7
10111 Tallinn, Estonia
Tel. +372 640 9914
E-mail [email protected]
(https://www.globenewswire.com/Tracker?data=601vgUht5JU8JG9lTHDpg3z1efJHwkPHJccT
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