Alantra has advised Oak Hill Advisors, on raising debt financing to support the construction of two more Container Feeder/Panamax Vessels

May 2023

Financing

Value $62mn

United Kingdom – Alantra has advised Oak Hill Advisors, on raising debt financing to support the construction of two Container Feeder/Panamax Vessels. The financing of the Target Fleet, both on a pre-delivery and at-delivery basis, reached an amount of $62mln (ca. 78% LTV) and was provided by National Bank of Fujairah (NBF), a well-respected corporate bank in the UAE.

Oak Hill Advisors is a leading alternative investment firm with $57bln under management as of December 2022 and 30+ years of experience specializing in leveraged loans, high yield bonds, structured products, distressed securities and turnaround investments. Oak Hill Advisors invests in a variety of asset classes with key area of focus in shipping including the ownership of vessels across various sub-sectors.

National Bank of Fujairah (NBF), which was incorporated in 1982, has a long-established reputation for excellence in the areas of corporate and commercial banking, trade finance and treasury. NBF is renowned for its award-winning services and deep understanding of local markets.