Alantra advises the Blue Fleet Group (and its affiliates) on raising debt financing to support the acquisition of one Supramax Dry Bulk Carrier

Aug 2022

Acquisition Financing

Value $13.5mn

Alantra has advised the Blue Fleet Group (and its affiliates) on raising debt financing to support the acquisition of one Supramax Dry Bulk Carrier. The financing reached $13.5mln (ca. 70% LTV) provided by Entrust Global, a leading US-based ship-lending fund. Execution, led by Alantra’s Maritime & Offshore team, extended over 6 weeks from indicative terms to drawdown.

Blue Fleet Group, established in 1996, has acquired control of over 30 vessels on an exclusive basis, with dead weights ranging from 10,000 to 56,000 tons, carrying more than 3,000,000 tons of cargo yearly on international routes.

Entrust Global is one of the largest Asset Managers in the non-traditional Maritime lending space, with investments across the capital structure in equity, debt and secondary transactions. Entrust has invested in excess of $3Bn in all conventional sectors, as well as offshore and Green Shipping.