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

Mar 2023

Financing

Value $68mn

United Kingdom – Alantra has advised Oak Hill Advisors, on raising debt financing to support the construction of two Container Feeder/Panamax Vessels on long term charters to a prominent Liner & Logistics operator. The financing of the Target Fleet, both on a pre-delivery and at-delivery basis, reached an amount of $68mln (85% LTV) and was provided by a leading, State-owned Chinese Lessor.

The Target Fleet consists of two highly energy efficient (Dual Fuel Ready – Methanol) Sub-Panamax Containers, with a box capacity of up to 3,000 TEUs. The vessels combine strong green technical features, with lower consumption and emissions. The eventual use of Methanol will give the vessels an even greener footprint, with small capital expenditure. Furthermore, lower emissions are achieved as Alternative Marine Power (AMP) system allows for connection to land based electrical power while in port.

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.