Hurtigruten Ready for Growth after €430m Funding Round

Norway-focused expedition cruise business Hurtigruten Group has completed a comprehensive €430m refinancing of its debt facilities, establishing a long-term financing platform that lowers costs and improves financial flexibility.

The move makes the expedition cruise company fully funded for growth and with more legroom over debt repayments.

The financing was arranged with the leading Nordic banks led by DNB, together with Danske Bank, Nordea and SEB. The new €330m facilities replace the Group's existing debt and will significantly reduce annual financing costs.

In conjunction with the refinancing, Hurtigruten Group completed a €100m equity issue underlining the continued backing of its shareholders.

These transactions, strengthening the Group’s capital structure, reflects Hurtigruten’s improved performance operating as a stand-alone business since the beginning of 2025.

"We are very pleased to have secured long-term financing with the four leading Nordic banks. The transaction significantly reduces financing costs and gives us a solid foundation going forward,” said Hedda Felin, CEO of Hurtigruten Group.

"This refinancing marks an important milestone for Hurtigruten, executing on our plan to reduce leverage and create flexibility for further growth. With a strong balance sheet supported by capable partners, we are well positioned to deliver on our strategy, invest in our product offering, and continue providing unique experiences along the Norwegian coast and in Svalbard," said Ms Felin.