Estonian Gov't appoves loan to Talllink Grupp
The Government of the Republic of Estonia today approved the terms of a working capital loan to AS Tallink Grupp (the Company). Tallink says that the total amount of the loan limit is EUR 100 million and the loan can be issued in EUR 10-40 million tranches. The interest rate of the three-year maturity loan is 12-month Euribor +2%. The loan must be secured with the assets of the Company’s consolidation group and will be issued by SA KredEx.
The Company will issue a separate stock exchange announcement upon the signing of the loan agreement, including details about assets used for securing the loan.