Scandlines has clinched a EUR 862m ($991m) refinancing in a deal with European and US banks.
The cash comprises a six-year bank loan, an 11-year institutional tranche and associated revolving credit and liquidity facilities, the German-Danish ro-pax group said.
The debt has been structured on a secured infrastructure-style basis and is rated BBB by Fitch.
Scandlines said the refinancing "substantially reduces" the long term cost of debt and is a further step in its development.
