5.1.2021

Tallink Silja – Loan Agreement with Nordic Investment Bank

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Banking & Finance

We assisted Tallink Silja Oy, a subsidiary of AS Tallink Grupp, in a loan arrangement with Nordic Investment Bank (NIB). The total amount of the loan limit is EUR 100 million and the loan can be drawn in EUR 10–40 million disbursements.

The loan is secured by the mortgages on the group’s vessels Megastar and Baltic Queen, ranking after the existing creditors, and the corporate guarantee of AS Tallink Grupp. The Government of the Republic of Finland has issued a state guarantee in favour of NIB regarding the loan facility covering 90% of the outstanding principal amount of the loan.

The loan carries an Euribor-based floating interest rate and has a final maturity of four years. The repayment of the loan starts two years from the signing of the agreement.

The transaction further strengthens the liquidity buffers of Tallink Silja Oy, and thereby the entire group.

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