Market announcement
AS Tallink Grupp
LEI code
529900QRMWAKKR3L9W75
Size of the entity
Large group
Economic activities
Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, Transportation and Storage, Accommodation and Food Service Activities, Administrative and Support Service Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
3877
Submission date and time
20.12.2012 10:43:30
Content of announcement in Estonian
Title
Muutused laenukohustustes
Message
Tallinn, 2012-12-20 09:43 CET (GLOBE NEWSWIRE) --
Muutused laenukohustustes
AS Tallink Grupp teatab, et on võtnud laenu 440 miljonit eurot. Finantseerimise
korraldasid Nordea Bank Finland Plc, DVB Bank, Danske Bank A/S, KfW IPEX Bank
GmbH, AS Swedbank, Skandinaviska Enskilda Banken AB ning HSH Nordbank AG. Laenu
makse- ning tagatisagent on Nordea Bank Finland Plc. Muutuva intressimääraga
laenu tagasimaksete lõpptähtaeg on viis aastat.
Uut laenu kasutatakse täies ulatuses olemasolevate laenukohustuste
tagasimaksmiseks. Ennetähtaegselt makstakse tagasi neli varasemalt sõlmitud
laenu, sealhulgas seni suurima, Silja Line’i ostu ajal võetud laen. Lisaks
makstakse tagasi täielikult kõik 2009 aastal sõlmitud laenulepingute
muudatustega edasilükatud põhisummad.
Tehingu tulemusel vähenevad kontserni laenude aastased tagasimaksed
lähiaastatel ning suureneb finantsiline paindlikkus. Pärast tehingut on
kontserni kõikide laenude lepingujärgsed tagasimaksed lähiaastatel ning
tagasimaksete muutus seni kehtinuga alljärgnev:
milj. EUR varasem uus muutus
---------------------
2013 232 106 -126
2014 101 106 5
2015 144 106 -38
2016 175 136 -39
Laenu garanteerivad AS-i Tallink Grupp tütarettevõtted Tallink Sea Line Ltd,
Tallink Victory Line Ltd, Tallink Ltd, Tallink Autoexpress Ltd ja Tallinn
Swedish Line Ltd. Laenu tagatisteks on loetletud ettevõtetele kuuluvad laevad.
Tehingu tulemusel kontserni intressikulu oluliselt ei muutu ning jääb 2013
aastal eeldatavasti väiksemaks kui 2012 aastal.
Varasemate laenude ennetähtaegsest tagastamisest tulenevalt kantakse kuludesse
nimetatud laenudega seotud korraldamiskulude jäägid, mida amortiseeriti
lineaarselt laenuperioodi jooksul ja mille tulemusel tekib 2012 majandusaasta 4
kvartalis ühekordne finantskulu summas 3,2 miljonit eurot.
Janek Stalmeister
Juhatuse liige
AS Tallink Grupp
Tel: +372 6409 800
Email: [email protected]
Harri Hanschmidt
Investorsuhete juht
AS Tallink Grupp
Sadama 5/7, 10111 Tallinn
Tel +372 640 8981
E-mail [email protected]
Content of announcement in English
Title
Changes in the loans
Message
Tallinn, 2012-12-20 09:43 CET (GLOBE NEWSWIRE) --
Changes in the loans
AS Tallink Grupp announces taking a loan in the amount of EUR 440 million. The
financing is arranged by Nordea Bank Finland Plc, DVB Bank, Danske Bank A/S,
KfW IPEX Bank GmbH, AS Swedbank, Skandinaviska Enskilda Banken AB and HSH
Nordbank. The facility agent is Nordea Bank Finland Plc. The final maturity of
the floating interest rate loan is five years.
All of the new loan will be used to repay existing indebtedness. The Group will
prepay four of the previously taken loans including the loan taken at the time
of acquisition of Silja Line. In addition, all the deferred instalments that
were agreed with all lenders in December 2009 will be repaid fully.
In result of this transaction the Group’s repayments in the coming years will
be smaller and the overall financial flexibility will improve. In the coming
years the contractual annual repayments of all the Group loans and the
comparison to the situation before is the following:
In EUR millions before after change
----------------------
2013 232 106 -126
2014 101 106 5
2015 144 106 -38
2016 175 136 -39
The new loan is guaranteed by the subsidiaries of AS Tallink Grupp: Tallink Sea
Line Ltd, Tallink Victory Line Ltd, Tallink Ltd, Tallink Autoexpress Ltd ja
Tallinn Swedish Line Ltd. The loan is secured by the mortgages on the ships
belonging to these subsidiaries .
In result of the changes in the loans the Group’s interest cost will not change
significantly and is estimated to be smaller than in 2012.
Due to early repayment of the loans the arrangement fees of these loans will be
written off as they were amortized over the period of the loan. In result the
Group will record one off financial expense of EUR 3.2 million in Q4 2012.
Janek Stalmeister
Chief Financial Officer
AS Tallink Grupp
Tel: +372 6409 800
Email: [email protected]
Harri Hanschmidt
Head of Investor Relations
AS Tallink Grupp
Sadama 5/7. 10111 Tallinn
Tel +372 640 8981
E-mail [email protected]