Eckero places bond issue

Ferry operator Rederi Ab Eckerö has completed the placement of a bond loan. This amounted to €62 mill over five years at an interest rate of three EURIBOR + a credit margin of 7%. The agreed issue date is 28th October, 2021 and an application [Read more...]

2021-10-28T08:36:15+00:00 October 28th, 2021|Finance|

Carnival to market term loan facility

Carnival Corp is to start marketing a first-priority senior secured term loan facility. This has an original principal amount of $1.5 bill and matures in 2028. The company said that it intended to use the proceeds from the facility to redeem a portion of the [Read more...]

2021-10-15T08:28:02+00:00 October 14th, 2021|Finance|

Ausonia outlines strategy

Newcomer Ausonia Cruise Holdings has formed a Monaco based corporate entity to act as the main governing body for its cruise-industry investment ventures. A team of experienced finance professionals and cruise industry operating executives have been brought together to form special purpose acquisition companies to [Read more...]

2021-10-14T20:20:18+00:00 October 14th, 2021|Finance|

CMA CGM buys into Brittany Ferries

CMA CGM is to invest €25 mill in Brittany Ferries, which includes €10 mill in quasi-equity. Brittany Ferries is the largest ferry company operating under the French flag, while CMA CGM is a major player in shipping and logistics. Through this agreement, CMA CGM is [Read more...]

2021-09-26T18:02:10+00:00 September 26th, 2021|Finance|

MOL’s LNG powered ferries receive transition loan

Mitsui OSK Lines (MOL) has concluded a syndicated transition loan for two LNG-fuelled ferries - ’Sunflower Kurenai’ and ‘Sunflower Murasaki’. The Development Bank of Japan (DBJ) and Sumitomo Mitsui Trust Bank (SMTB) served as the arrangers and Sumitomo Mitsui Banking Corp (SMBC) as the co-arranger. [Read more...]

2021-09-10T21:49:56+00:00 September 10th, 2021|Finance|