Alantra advises Prima Corporation S.A. on raising debt to support the acquisition of one Handysize Dry Bulk Vessel
SECTORMaritime and Offshore; Dry Bulk
ServiceAcquisition Financing
Value $10mn
Alantra has advised Prima Corporation S.A. on raising debt to support the acquisition of one Handysize Dry Bulk Vessel. The financing amount reached $10mln (ca. 69% 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 6 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.
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.
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