A financing managed with the main Nordic banks, led by DNB, together with Danske Bank, Nordea and SEB, plus a share issue allow the shipping company Hurtigruten to settle its debts.
The Group completed a comprehensive refinancing of its credit lines worth USD 490 million, establishing a long-term financing platform that reduces costs and improves financial flexibility.
The new funds, amounting to USD 375 million, replace the existing holding company debt and will significantly reduce annual financial costs.
In parallel with the refinancing, Hurtigruten completed a share issue worth USD 115 million, underscoring the continued support of its shareholders.
These transactions, which strengthen the company’s capital structure, reflect the improvement in Hurtigruten’s performance as an independent company since the beginning of 2025.
“We are very pleased to have secured long-term financing with the four main Nordic banks. This operation significantly reduces financing costs and provides us with a solid foundation for the future,” stated Hedda Felin, CEO of Hurtigruten Group.
“This refinancing represents an important milestone for Hurtigruten, as it allows us to fulfill our plan to reduce leverage and generate flexibility for further growth. With a solid balance sheet supported by competent partners, we are well positioned to execute our strategy, invest in our product offering, and continue to provide unique experiences along the Norwegian coast and in Svalbard,” added Felin.
