Saga Cruises

Saga Cruises VI - Spirit Of Adventure / 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 VI 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
$13.52m
Financial Close
05/06/2020
Dealmakers
Sources

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Tranches

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Assets

Asset Type: Manufacturer:
Shipping Meyer Werft