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Tallink signs EUR 60 mln revolving credit facility agreement
BC, Tallinn, 26.11.2019.
Print version
Print versionListed Estonian shipper AS Tallink Grupp on Monday signed a revolving credit facility agreement in the amount of 60 mln euros with Swedbank, Tallink told the Stock Exchange.
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The financing provided by Swedbank AS carries Euribor based floating interest rate and has a final maturity of 4 years.
The loan can be drawn on demand and proceeds could be used for general corporate purposes. As a result of the transaction, the group's liquidity buffers are strengthened.
The new loan is guaranteed by Baltic SF VII Ltd., a subsidiary of AS Tallink Grupp and is secured by a mortgage on the vessel Silja Europa belonging to the same subsidiary.
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