Tallink secures loan for LNG powered ferry
Published by Will Owen,
Editor
LNG Industry,
AS Tallink Grupp’s subsidiary, Tallink Superfast Ltd., and KfW IPEX-Bank GmbH have signed a €197.6 million loan agreement to finance its new €247 million LNG powered fast ferry, currently under construction in Rauma Marine Constructions Oy.
The loan is arranged and long term financing is provided by KfW IPEX-Bank GmbH. Finnish Export Credit Agency Finnvera has guaranteed 95% of this post-delivery buyer credit.
The loan is secured by the mortgage on the new vessel and the corporate guarantee of AS Tallink Grupp. This OECD-term export credit loan will be drawn on the delivery of the vessel, presumably in the beginning of 2022 and has the final maturity of 12 from the drawdown.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/08072019/tallink-secures-loan-for-lng-powered-ferry/
You might also like
Golar agrees 20-year re-deployment charter for FLNGs
Golar LNG Ltd has announced the final investment decision and fulfilment of all conditions precedent for the 20-year re-deployment charter of the FLNG Hilli Episeyo.