Tallink signs €60 million floating-rate revolver

Chicago, Nov. 25 – Estonia’s AS Tallink Grupp signed a revolving credit facility agreement for €60 million on Monday, according to a notice.

The revolver carries a Euribor-based floating rate and has a four-year maturity.

Swedbank AS provided the financing which can be drawn on demand.

Proceeds are for general corporate purposes.

The loan is guaranteed by subsidiary Baltic SF VII Ltd. and is secured by the mortgage on the vessel Silja Europa belonging to the same subsidiary.

The issuer is a shipping company based in Tallinn, Estonia.

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