Cruiseliner Hurtigruten Gets Rescue Loan as Debt Talks Continue
- Some creditors have committed to a new loan of €25 million
- Company missed refinancing deadline, implying lender takeover
Hurtigruten remains in talks over its capital structure.
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Norwegian cruise line operator Hurtigruten Group AS has secured €25 million ($28 million) in rescue funding from its creditors as restructuring talks continue.
The company has obtained commitments from some super senior opco lenders for new debt to support the operations of the group, it said on Monday. The loan will be provided on the same terms as the existing senior facility, according to a statement.