Scandlines stays the course with IG loan

Scandlines
By Mike Turner
22 Aug 2019

Denmark ferry operator Scandlines has signed a €305.6m infrastructure finance facility, with the recently junk rated ferry company reaffirming its place in the triple-B credit rating bracket with the deal.

The secured facility has a 12.5 year maturity. 

Despite the deal’s BBB rating from Fitch — in line with the company rating — there are still strong hints as to the borrower’s junk rated history and private equity ownership in the deal.

A portion of the financing will pay a ...

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