Viking Line loan payments get deferred to early next year

Viking Line has been given some breathing room in paying back some of its debt.

The Finnish owner of seven cruise ferries has agreed with Finnvera Abp and Finska Exportkredit Ab to defer $14.9m in loan payments over the next seven months to after February 2021.

Viking Line may make deferred payments ahead of time, but the loan's interest rate and maturity will not change if it decides to resume loan payments after February.