Hurtigruten Group (“HRG” or “The Company”) – The shareholders of Hurtigruten Group to provide The Company with EUR 75 million of capital to fuel growth coming out of the pandemic.
Hurtigruten Group AS has secured a new fully committed EUR 75 million subordinated shareholder loan facility from its shareholders. The loan will be fully subordinated to the senior secured debt and will be utilized for general corporate purposes, working capital needs and investments to drive growth as HRG is coming out of the pandemic. The funding will further strengthen HRG’s liquidity position when returning to full service over the coming months and demonstrates the strong support The Company has from its shareholders.
With the lifting of both travel restrictions and the restrictions on social distancing across Europe, the Company continues to see a strong booking development for both Hurtigruten Norway and Hurtigruten Expeditions.
For any questions, please contact:
Torleif Ernstsen, CFO: +4792049599
Investor Relations team.: [email protected]