Finferries on its €79m financing arrangement

Transaction

Debt advisory

€79m

Role

Adviser to Finferries on €79m financing arrangement for the electrification of its ferry fleet

Sector

Industrial & Chemicals

Region

Finland

We have advised Finferries, a ferry operator in Finland, on its €79m funding arrangement for an infrastructure investment.

Finferries operates ferry, cable ferry, and commuter ferry services across 50 sea and lake routes in Finland, transporting millions of vehicles and passengers annually.

In October 2025, Finferries signed an agreement with the ELY Centre concerning ferry traffic in the Finnish Lakeland region. The fleet will be renewed and electrified, reducing ferry traffic emissions in the region by over 90% compared to current levels. The new €79 million financing arrangement includes a green loan for the investments, as well as an overdraft, a bank guarantee facility, and a term loan for general corporate purposes.

With Clearwater’s support, we secured long-term financing on excellent terms for our infrastructure investment. The green 10-year loan for the electrification of our fleet supports our strategic vision to be a pioneer in emission-free water transport. For me as CFO, it was important to ensure that the financing solution supports our financial stability and enables the investment to be executed in a controlled and cost-efficient manner. Clearwater’s expertise and support played a key role in finalising the financing negotiations, allowing us to achieve both our financial and sustainability goals. We are very satisfied with the collaboration.
Johanna Eramo, CFO, Finferries

We thank Finferries for their trust in Clearwater. The transaction is yet another proof of our debt advisory capabilities and its value-add for our client, also in long-term infrastructure financing.
Martti Purhonen, Partner, Clearwater