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Tallink secures loan for LNG powered ferry

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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/

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