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AS Tallinna Sadam Secures New Loan to Support Growth Plans

AS Tallinna Sadam Secures New Loan to Support Growth Plans

AS Tallinna Sadam Signs Loan Agreement

AS Tallinna Sadam has recently take a significant financial step by entering into an unsecured loan agreement with AS Swedbank. The loan, worth EUR 10 million, has a maturity period of four years and features an interest rate tied to the 6-month Euribor plus an additional interest margin. This strategic move showcases the company’s strong position and its dedication to ongoing growth.

Loan Purpose

The funding from this loan will serve two main objectives for AS Tallinna Sadam. First, it will help refinance some existing debt, which is crucial for keeping the company’s balance sheet healthy. Second, the funds will be used to cover general business needs. The loan is also intended to act as bridge financing for various investments, allowing Tallinna Sadam to take advantage of new opportunities in an ever-changing market.

About AS Tallinna Sadam

AS Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, playing a vital role in maritime logistics and transportation. In addition to efficiently managing passenger and freight services, the company is involved in the shipping industry through its subsidiaries. For example, OÜ TS Laevad provides crucial ferry services linking the Estonian mainland to its largest islands. Moreover, OÜ TS Shipping charters its versatile vessel, Botnica, for icebreaking and offshore operations, showcasing the company’s operational flexibility.

Other Ventures and Services

AS Tallinna Sadam also broadens its portfolio by holding equity in AS Green Marine, an associated company focused on waste management services. This diverse business strategy not only enhances their overall service offerings but also supports the company’s commitment to environmental sustainability.

Investor Relations Contact Details

For those seeking more information about AS Tallinna Sadam’s financial status and operations, please reach out to the Head of Investor Relations:

Angelika Annus
Head of Investor Relations
Tel. +372 5649 6230
Email: angelika.annus@ts.ee

Frequently Asked Questions

What is the amount of the loan AS Tallinna Sadam secured?

AS Tallinna Sadam secured a loan totaling EUR 10 million.

What is the maturity period of the loan?

The loan has a maturity period of four years.

How will AS Tallinna Sadam utilize the loan funds?

The funds from the loan will be utilized to refinance existing debts and support general business needs.

What subsidiary provides ferry services for AS Tallinna Sadam?

The subsidiary OÜ TS Laevad provides ferry services connecting the Estonian mainland and its islands.

Who can be contacted for investor inquiries?

For investor inquiries, you can contact Angelika Annus, the Head of Investor Relations at AS Tallinna Sadam.

About The Author

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