Survitec receives bank guarantee

Supplier of survival and safety solutions to the cruise industry, Survitec has completed a £15 mill Bank Guarantee Facility with Barclays Corporate Banking. This bank guarantee complements the company’s recently announced £270 mill refinancing package, as well as a new £27.5 mill Super Senior Revolving [Read more...]

2021-07-13T20:09:59+00:00 July 13th, 2021|Finance|

Havila to raise money

Havila Kystruten has issued a private placement consisting of a primary offer of 17,650,000 to 19,650,000 new shares issued by the company to raise gross proceeds of around NOK450 to 500 mill. The Norwegian coastal cruise ship company has engaged Fearnley Securities and SpareBank 1 [Read more...]

2021-07-13T19:44:08+00:00 July 13th, 2021|Finance|

MV WERFTEN receives loan commitment

The German Economic Stabilisation Fund (ESF) has acted positively to cruise ship builder MV WERFTEN’s request for interim aid. During the past few months, Genting subsidiary MV WERFTEN, together with representatives of the German federal and regional governments, has been in discussions aimed at granting [Read more...]

2021-06-12T10:32:38+00:00 June 12th, 2021|Finance|

Carnival Corp reprices term loan facility

Carnival Corp had syndicated the repricing of its first-priority senior secured term loan facility. This consists of a tranche in an original aggregate principal amount of $1,860 mill and a tranche in an original aggregate principal amount of €800 mill, each of which matures on [Read more...]

2021-07-13T21:29:43+00:00 June 12th, 2021|Finance|

Fincantieri boosted by increased revenues

In the first quarter 2021, Cruise shipbuilder Fincantieri reported revenues and income, of €1,426 mill, excluding pass-through activities of €222 mill, an increase of 9.1%, compared to the same quarter of 2020. 1Q21 production volumes exceeded those reported in the first quarter last year, fully recovering [Read more...]

2021-05-28T23:27:32+00:00 May 28th, 2021|Finance|

Global Ports Holding raises finance

Independent cruise port operator, Global Ports Holding (GPH) and affiliates of Sixth Street, a global investment firm, have entered into a $261 mill financing arrangement. This new investment from Sixth Street will strengthen GPH’s balance sheet and provide flexible growth capital for the company to [Read more...]

2021-05-28T23:03:50+00:00 May 28th, 2021|Finance|

NCLH reduces losses

Norwegian Cruise Line Holdings Ltd (NCLH) has reported a GAAP net loss of $1.4 bill or EPS of minus $4.16 for the first quarter of this year, compared to net loss of $1.9 bill or EPS of minus $8.80 in 1Q20. Adjusted Net Loss was [Read more...]

2021-05-14T20:10:24+00:00 May 14th, 2021|Finance|

Lindblad’s net loss increases

Lindblad Expedition Holdings has reported a decrease in first quarter tour revenues of $79.5 mill, or 98%, compared to the same period in 2020. The decline was driven by a $69.1 mill drop at the Lindblad segment and a $10.4 mill fall at the Land [Read more...]

2021-05-14T20:03:49+00:00 May 14th, 2021|Finance|