MS Polarlys in the beautiful Hjørundfjord.
MS Polarlys in the beautiful Hjørundfjord. Photo: Ørjan Bertelsen Photo


Tromsø, 22 January 2018

Silk Bidco AS today announced that it is updating the market on certain trading information.

Silk Bidco AS also made the following statement:

“Taking advantage of the strong conditions in the European debt markets at the moment, we are today launching syndication of new loan facilities which will refinance our existing senior secured notes and revolving credit facility.  The new facilities will consist of a 7 year €575 million term loan facility and a 6 year €85 million revolving credit facility.  ‎The facilities are currently expected to close and fund at the end of February or the start of March, and in any event after the redemption price of our existing senior secured notes steps down in mid-February."

Presentation: Hurtigruten Trading Update (pdf)



Please note that the ultimate shareholders of Silk Bidco AS (the "Company"), a holding company owning all of the shares of Hurtigruten AS, are exploring strategic options for their investment in Hurtigruten, which may result in an IPO or a sale of part or all of the assets or share capital of the Hurtigruten group. There is no certainty that any transaction will occur and a further announcement will be made in due course, if appropriate.