Alantra has advised a Turkish owner on raising debt to support the refinancing of one Capesize Bulker Vessel

Feb 2023

Debt Refinancing

Value $9.5mn

Turkey – Alantra has advised a Turkish owner on raising debt to support the refinancing of one Capesize Bulker Vessel. The financing amount reached $9.5mln (ca. 65% 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 2 months.
The Turkish owner is a leading shipowner and operator, active in both the Dry and Tanker sectors, operating out of Istanbul.
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.