Hurtigruten Secures €430M Refinancing Deal to Support Growth

Hurtigruten Group has finalized a €430 million refinancing package for its debt facilities, strengthening its financial position and reducing borrowing costs.

The refinancing includes €330 million in new debt facilities, which replace the company’s existing financing arrangements, alongside a €100 million equity raise. According to the company, the transaction is expected to provide a more sustainable long-term funding structure while improving financial flexibility and lowering annual financing expenses.

“We are very pleased to have secured long-term financing with the four leading Nordic banks. The transaction significantly reduces financing costs and gives us a solid foundation going forward,” said Hedda Felin, CEO of Hurtigruten Group.

“This refinancing marks an important milestone for Hurtigruten, executing our plan to reduce leverage and create flexibility for further growth. With a strong balance sheet supported by capable partners, we are well positioned to deliver on our strategy, invest in our product offering, and continue providing unique experiences along the Norwegian coast and in Svalbard.”

The refinancing package was arranged through a consortium of Nordic banks led by DNB, with Danske Bank, Nordea, and SEB also participating in the transaction.