Saga Cruises

Saga Cruises V - Spirit of Discovery / Euler Hermes Covered Loan

Borrower(s)
Saga Cruises
Industry
Transport/Ships
Area of finance
Export & Agency Finance
Region
Europe
Europe
Countries
United Kingdom

Deal Overview

Saga Cruises V applied for the Hermes debt refinancing scheme in relation to principal repayments due until 31 March 2021. The European government/ECA's have launched this refinancing scheme to all operators in the cruise industry in view of the ongoing impact of COVID-19.

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Deal Volume
$22.53m
Financial Close
05/06/2020
Dealmakers
Sources

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Tranches

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Assets

Asset Type: Manufacturer:
Shipping Meyer Werft