Hurtigruten Group - New €105 million term loan facility increases the liquidity resources of Hurtigruten Group to approx. €200m
Hurtigruten Group AS announces that it has priced and allocated to international investors a new €105 million term loan facility which can be used for its and its subsidiaries’ general corporate and working capital requirements. The new facility is priced at E+800bps, has a maturity of 3 years and ranks pari passu with Hurtigruten Group’s existing Senior Term and Revolving Facilities originally dated 9 February 2018. As a result of this transaction Hurtigruten Group has approx. €200 million in liquidity resources (NOK 2.1 bn.). This secures the financial flexibility through Q4 2021 with the current activity level.