Hurtigruten secures EUR 105 million loan

Norwegian ferry operator Hurtigruten has secured a EUR 105 million loan at an interest 11 percent to safeguard the company's liquidity ahead of 2021. "An expensive, but absolutely necessary solution," says group CEO Daniel Skjeldam.

Norwegian ferry operator Hurtigruten just secured a EUR 105 million loan, equivalent to a little more than a billion NOK, writes Norwegian business daily Dagens Næringsliv.

The shipping company's need for additional liquidity to stay afloat is a direct consequence of the coronavirus crisis, during which border closures put a halt to tourism.

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