Havila Kystruten, a cruise company, has recently secured £78m in financing from its parent company, Havila Holding. The Saevik family, owners of Havila Holding, provided €56m ($60m) in loans to the Oslo-listed cruise firm for a bond refinancing, as stated in a recent announcement.
The new shareholder, in this case the Saevik family, will be financing the repayment of a secured bond loan with HPS Investment Partners, which was originally valued at €50m, as well as covering related redemption costs and accrued interest.
This financing arrangement is expected to have a positive impact on the financial stability of Havila Kystruten, ensuring the company’s continued operations and growth in the cruise industry. Furthermore, it reinforces the commitment of the Saevik family to support the development and success of the cruise shipowner amidst the current economic challenges facing the global travel and tourism sector.
The Saevik family has a long-standing history of involvement in the maritime industry, with their support playing a crucial role in the growth and success of various maritime enterprises. With their substantial investment in Havila Kystruten, it is clear that the family is dedicated to upholding the company’s position as a prominent player in the cruise industry.
This financing development demonstrates the strength of the relationship and financial backing provided by the Saevik family, ensuring the stability and growth of Havila Kystruten. The infusion of £78m in financing will undoubtedly have a significant impact on the cruise company, allowing it to meet its financial obligations and pursue future endeavours.
As the cruise industry continues to navigate through the challenges posed by the global pandemic, this investment from the Saevik family provides a sense of assurance and confidence in Havila Kystruten’s ability to adapt and thrive in the evolving landscape of the travel and tourism sector.
It is important to note the significance of this financing arrangement as it reflects the dedication and strategic vision of the Saevik family in ensuring the continued success and growth of Havila Kystruten. Their commitment and support serve as a testament to the resilience and potential of the cruise company in overcoming adversities and solidifying its position in the industry.
In conclusion, the financing from the Saevik family is a testament to their unwavering support and belief in the potential of Havila Kystruten. This development not only strengthens the financial foundation of the cruise company but also highlights the synergy between the family and the maritime industry, marking a new chapter in the growth and prosperity of Havila Kystruten.