June 11, 2020

Tallink Grupp Has Signed Loan Agreement With SA Kredex

AS Tallink Grupp and SA KredEx have signed a working capital loan agreement.

The total amount of the loan limit is EUR 100 million and the loan can be drawn in EUR 10-40 million tranches. The interest rate of the three-year maturity loan is 12-month Euribor +2%.

The loan is secured by mortgages on five vessels ranking after the existing creditors.

Tallink Grupp, May Statistics

In May 2020 AS Tallink Grupp transported 75,511 passengers, which is a 91.2% decrease compared to May 2019.

The number of cargo units decreased by 18.4% to 28,948 units and the number of passenger vehicles decreased by 75.1% to 23,446 units.