Alantra advises the Pioneer Marine Group (and its affiliates) on raising financing to support the acquisition of two Handysize Bulk Carriers
SECTORMaritime and Offshore; Dry Bulk
Alantra has advised the Pioneer Marine Group (and its affiliates) on raising financing to support the acquisition of two Handysize Bulk Carriers. Total financing reached an amount of $17.8mln (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, which acted as sole arranger and placement agent, extended over a period of 2.5 months.
Pioneer Marine Inc., registered in the Norwegian OTC since March 2014, is a global shipping company specializing in the transportation of dry bulk commodities and is managing a fleet of 14 geared dry bulk carriers which trade worldwide carrying a wide range of cargoes.
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.
Dec 2022Acquisition FinancingValue $12.9mnDec 2022SECTOR Maritime and Offshore; Dry BulkService Acquisition FinancingValue $12.9mn
Dec 2022Debt RefinancingValue $37.5mnDec 2022SECTOR Maritime and Offshore; OffshoreService Debt RefinancingValue $37.5mn
Dec 2022Debt RefinancingValue $62mnDec 2022SECTOR Maritime and Offshore; OffshoreService Debt RefinancingValue $62mn
Sep 2022Acquisition FinancingValue $18.8mnSep 2022SECTOR Maritime and Offshore; OffshoreService Acquisition FinancingValue $18.8mn