Amendments to AS Tallink Grupp’s loan agreements

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AS Tallink Grupp and its creditor banks have signed amendments to the loan agreements, according to which the repayment dates of the loan principal have been postponed and cancellations of certain financial conditions have been agreed. The final maturities of the loans have not changed. From the second quarter of 2021 to the end of the first quarter of 2022, payments totaling € 82.1 million are deferred and added to the final payment for each eligible line of credit. The deferral for fiscal year 2021 is € 67.4 million.

The rescheduling of maturities significantly improves Tallink’s liquidity position and enables Tallink to maintain sufficient working capital to recover in an ever-challenging economic environment.

Joonas Just
CFO

AS Tallink Grupp
Sadama 5
10111 Tallinn, Estonia
Email Email joonas.joost@tallink.ee

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