# Tallinna Sadam secures new bank loan to refinance maturing bonds

- **Source:** https://pelavox.com/tallinna-sadam-swedbank-loan-bond-refinancing/
- **Publisher:** pelavox. (The voice of shipping)
- **Author:** Jason Nicholson
- **Published:** 2026-10-27T19:00:00+00:00
- **Updated:** 2026-10-27T08:35:38+00:00
- **Section:** Ports
- **Type:** News
- **Topics:** Baltic Ports, Port Finance, Port of Tallinn, Swedbank, Tallinna Sadam

Estonian port operator AS Tallinna Sadam has signed a €50 million unsecured loan agreement with AS Swedbank as part of its refinancing arrangements for existing debt obligations.

The loan has a maturity of five years, with the full amount scheduled to be drawn on 26 October 2026. The financing will mature on 26 October 2031 and carries a floating interest rate based on the three-month Euribor plus an agreed margin.

According to the company, the proceeds will be used to redeem outstanding bonds with a total value of €50.4 million on their scheduled redemption date.

The transaction represents a refinancing of existing financial liabilities rather than funding for a newly announced port development project. Tallinna Sadam has not disclosed the applicable interest margin or additional details regarding the repayment of the difference between the loan proceeds and the total bond redemption amount.

Tallinna Sadam operates one of the largest cargo and passenger port complexes in the Baltic Sea region, providing infrastructure for international maritime trade and passenger transportation.

Beyond its port activities, the group operates ferry services through subsidiary OÜ TS Laevad, connecting mainland Estonia with the country’s largest islands.

Another subsidiary, OÜ TS Shipping, operates the multifunctional vessel *Botnica*, which is employed in icebreaking and offshore services in Estonia and international projects.

The group also holds an interest in AS Green Marine, a company providing waste management services.

The new financing arrangement will replace a substantial portion of Tallinna Sadam’s maturing bond obligations with a five-year bank loan, extending the maturity of the refinanced debt to October 2031.

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Cite as: "Tallinna Sadam secures new bank loan to refinance maturing bonds", pelavox., 27 October 2026, https://pelavox.com/tallinna-sadam-swedbank-loan-bond-refinancing/