Approval of loan terms by the Government of the Republic of Estonia
The Government of the Republic of Estonia today approved the terms of a working capital loan to AS Tallink Grupp (the Company). The total amount of the loan limit is EUR 100 million and the loan can be issued in EUR 10-40 million tranches. The interest rate of the three-year maturity loan is 12-month Euribor +2%. The loan must be secured with the assets of the Company’s consolidation group and will be issued by SA KredEx.
The Company will issue a separate stock exchange announcement upon the signing of the loan agreement, including details about assets used for securing the loan.
maj 11 2020
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