Alanta has advised Interorient Shipmanagement on raising debt financing to support the acquisition of one Supramax Dry Bulk Vessel

Jun 2023

Acquisition Financing

Value $12.5mn

Cyprus – Alanta has advised Interorient Shipmanagement on raising debt financing to support the acquisition of one Supramax Dry Bulk Vessel. The financing amount reached $12.5mln (ca. 70% LTV) and was provided by Chailease International Finance, a leading Far Eastern Equipment Leasing Financier. Execution, led by Alantra’s Maritime & Offshore team, extended over 3 weeks from indicative terms to drawdown.

Interorient Shipmanagement was founded in 1979 and is considered a global market leader in quality third party ship management in the shipping industry with a long and successful history. Interorient’s management experience includes technical, crew and commercial management of various types of 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.