Alantra has advised Bright Shipping and its affiliates on raising debt to support the refinancing of a fleet of eight General Cargo Vessels

Jul 2023

Debt Refinancing

Value $15.2mn

Turkey – Alantra has advised Bright Shipping and its affiliates on raising debt to support the refinancing of a fleet of eight General Cargo Vessels. The financing amount reached $15.2mln and was provided by Chailease International Finance, a leading Far Eastern Equipment Leasing Financier. Execution, led by Alantra’s Maritime & Offshore team, extended 6 weeks from indicative terms to drawdown.

Bright Shipping is part of a prominent Shipping Group with extensive experience in ship ownership, as well as in technical and commercial management. Through Bright Shipping, the Group is active in the General Cargo space, as an owner of a small bulk and general cargo vessels.

Chailease International Finance is one of the largest financial institution groups in Taiwan, with financing activities across the entire spectrum of asset-backed financing, including shipping, yacht, aviation, automobile and equipment leasing towards a domestic and international clientele.