TALLINN AIRPORT LOAN
08 Oct 2002
24 May 2002
EUR 7.5 million to refinance existing EBRD USD-nominated sovereign guaranteed loan with a corporate facility without sovereign guarantee. The purpose of the proposed corporate loan is to refinance the existing EBRD sovereign guaranteed loan with corporate facility not guaranteed by the sovereign and extend its maturity to strengthen the cash flow needed to support the Company’s further investment programme.
The project will contribute to the transition process by:
Financing public entities without sovereign guarantee; and
Supporting the Company in implementing its investment programme, including the investments required to comply with the EU requirements.
AS Tallinn Airport (the "Company") – a state-owned joint-stock company incorporated under the laws of the Republic of Estonia. The Company owns and operates the airport of Tallinn, the only international airport in Estonia.
EUR 7.5 million senior loan.
EUR 7.5 million.
Screened C/0 based on the assumption that loan maturity extension does not lead to any new projects to be carried out under this loan.
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