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Tallink receives Finnish government guarantee for additional loan

The government of the Republic of Finland today (19 November) approved a state guarantee of up to EUR 90 million for a EUR 100 million loan to Tallink Silja Oy, a subsidiary of AS Tallink Grupp.

“We are very grateful to the Finnish Government for the state guarantee that will be given to the loan of EUR 100 million for our subsidiary Tallink Silja Oy. Tallink Grupp has been working on securing its long-term liquidity since the beginning of the crisis, in order to secure the company’s sustainability in these challenging times that have arisen due to the pandemic.  We have also, from the beginning, emphasised that we do not expect the Estonian government alone to solve all Tallink’s problems. We have received a lot of understanding and support during this crisis from our existing loan partners, the Estonian state and have now also further secured our future with today’s decision with the Finnish state guarantee,” Paavo Nõgene, CEO of Tallink Grupp said.

Nov 19 2020


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