Finnlines Plc

Finnlines Plc - KfW Ipex Loan

Borrower (s)
Finnlines Plc
Industry
Transport/Ships
Area of finance
Shipping Finance
Region
Europe
Countries
Finland

Deal Overview

KfW IPEX-Bank and Finnlines Plc, a Grimaldi Group company, have signed a EUR 40 million loan agreement to finance a hybrid ro-ro vessel. The ship is one of three identical new vessels ordered by Finnlines from the Chinese Nanjing Jinling Shipyard and designed for flexible “rolling” cargo...

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KfW IPEX-Bank and Finnlines Plc, a Grimaldi Group company, have signed a EUR 40 million loan agreement to finance a hybrid ro-ro vessel. The ship is one of three identical new vessels ordered by Finnlines from the Chinese Nanjing Jinling Shipyard and designed for flexible “rolling” cargo such as trailers and trucks. The equipment for the ferries will mainly be supplied by German and European exporters. The investment costs total around EUR 200 million.


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Deal Volume
$47.04m
Financial Close
09 October 2020
Sources

All Dealmakers

Sebastian Blum

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Tranches


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Assets

Asset Type: Manufacturer:
Shipping China State Shipbuilding Corporation (CSSC)