Viking defers loan payments

2020-07-27T15:02:17+00:00 July 27th, 2020|Finance|

Finnish ferry operator, Viking Line has reached an agreement with Finnvera and Finska Exportkredit to defer a loan payment for the period 1st July, 2020 to 1st February, 2021, totalling €14.9 mill.

Payments are due by 10th January, 2025 at the latest, Viking explained.

The deferred payments may be paid in advance, but the interest rate and maturity of the loan remain unchanged. The payment of dividends during the maturity of the loan is conditional upon payment of the loan payments for which a deferral has been granted.

This loan payment deferral strengthens Viking Lines liquidity situation, which is satisfactory at present, the company said.