Hurtigruten Lenders to Inject Cash, Lead Cruise Line’s Split. The cruise line is currently backed by PE firm TDR Capital
A group of existing creditors to Norway’s Hurtigruten Group has agreed to recapitalize and take control of the TDR Capital-backed cruise line operator.
The transaction takes into account the split of the Coastal and Expeditions businesses that had been planned since 2021 and is expected to be completed in January, according to company statements that confirmed an earlier Bloomberg report.
