Alantra advised Prima Corporation S.A. on raising debt financing to support the acquisition of one Ultramax Dry Bulk Vessel

Apr 2023

Acquisition Financing

Value $15mn

Greece – Alantra advised Prima Corporation S.A. on raising debt financing to support the acquisition of one Ultramax Dry Bulk Vessel. The financing amount reached $15mln (ca. 76% LTV) at a fixed interest rate and was provided by a prominent US-based Credit Fund. Execution, led by Alantra’s Maritime & Offshore team, extended over 4 weeks from indicative terms to drawdown.

Prima Corporation S.A. was founded in the 1990s and has since developed into a diversified Dry Bulk Operator. In the last 5 years the group has been carrying mostly Coal, Fertilizers & Grains in the amount of about 6 million tons per year.