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AS Tallink Grupp, Stock Exchange Release
10.04.2006
Signing of the loan agreement for the purchase of Superfast ferries
Baltic SF VII Limited, Baltic SF VIII Limited and Baltic SF IX Limited, Cypriot subsidiary companies of AS-i Tallink Grupp signed today the loan agreement with the syndicate of banks arranged by HSH Nordbank and KfW. The loan of Euros 280 million was signed to finance the purchase of three Superfast ferries. The loan will be drawn down proportionally at the time of delivery of each ship from the sellers to the buyers. The loan consists of two main tranches of which the long term tranche of Euros 240 million has the maturity of 10 years and short term tranche of Euros 40 million has the maturity of 2 years. During the current 2005/06 financial year the loan repayments will amount to Euros 6 million.
This type of financing structure for the purchase of Superfast ferries will ensure the availability of more liquid funds for the group which supports the realization of the future strategy and development of Tallink.
Janek Stalmeister
AS Tallink Grupp
Financial Director
Tel: +372 6409 800
Additional information:
Peter Roose
Investor Relations Manager
AS Tallink Grupp
tel.: +372 6 409 800
www.tallink.com |
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