Changes in the debt obligations of AS Tallinna Sadam
May 14 2024 - 9:50AM
Changes in the debt obligations of AS Tallinna Sadam
AS Tallinna Sadam signed an unsecured loan
agreement with AS Swedbank in the amount of EUR 20 million and a
maturity of 3 years. The interest rate of the loan is 6-month
Euribor plus interest margin. The loan was drawn in full on
14.05.2024 and the final maturity date is 14.05.2027. The funding
will be used to finance the company's general business needs,
including as bridge financing for investments.
Tallinna Sadam is one of the largest cargo- and
passenger port complexes in the Baltic Sea region. In addition to
passenger and freight services, Tallinna Sadam group also operates
in shipping business via its subsidiaries – OÜ TS Laevad provides
ferry services between the Estonian mainland and the largest
islands, and OÜ TS Shipping charters its multifunctional vessel
Botnica for icebreaking and offshore services in Estonia and
projects abroad. Tallinna Sadam group is also a shareholder of an
associate AS Green Marine, which provides waste management
services.
Additional information:
Andrus AitChief Financial OfficerTel. +372 526
0735a.ait@ts.ee