Tallink extends EUR 298 million loan maturity by two years

  • AS Tallink Grupp amended and restated its December 2023 loan agreement.
  • EUR 169.4 million remains outstanding under the EUR 298 million facility.
  • Tallink said the revised agreement reduces refinancing risk and includes two one-year extensions.

AS Tallink Grupp has amended and restated its EUR 298 million loan agreement from December 2023, extending the final maturity of the Euribor-based floating-rate loan by two years. The company also has two further one-year extension options. The loan’s current outstanding balance is EUR 169.4 million, and Tallink said the revised agreement reduces its refinancing risk. Financing was arranged by Nordea Bank ABP NUF, Danske Bank A/S, KfW IPEX Bank GmbH, AS Swedbank and Skandinaviska Enskilda Banken AB, with Nordea Bank ABP NUF acting as Coordinator. The facility is guaranteed by eight Tallink subsidiaries and secured by mortgages on ships belonging to those companies. Tallink’s parent, Aktsiaselts Infortar, owns a 68.83% stake in the company and operates across maritime transport, energy, real estate and other sectors in seven countries.

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