GENER8 Maritime

GENER8 MARITIME - ECA Backed Loan

Borrower(s)
Industry
Oil & gas/Oil - Midstream (Transportation)
Area of finance
Shipping Finance
Region
North America
North America
Countries
United States

Deal Overview

Delivery loan financing of part of the delivery instalment, which constitutes part of the Final Contract Price for 15 VLCCs

Citibank issued a SBLC to secure the 5% uncovered portion under Ksure guaranteed tranche

Deal Volume
$963.7m
Financial Close
31/08/2015
Dealmakers
Alexander Taylor

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Davide Alessandrini

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Frithiof Wilhelmsen

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Guido Musso

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Sejun NOH

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Sources

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Tranches

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Assets

Asset Type: Manufacturer:
Shipping Hyundai Samho Heavy Industries
Shipping Hyundai Samho Heavy Industries
Shipping Hyundai Samho Heavy Industries
Shipping Hyundai Samho Heavy Industries
Shipping Hyundai Samho Heavy Industries
Shipping Hyundai Samho Heavy Industries
Shipping Hanwha Ocean (Daewoo Shipbuilding & Marine Services)
Shipping Hanwha Ocean (Daewoo Shipbuilding & Marine Services)
Shipping Hanwha Ocean (Daewoo Shipbuilding & Marine Services)
Shipping Hanwha Ocean (Daewoo Shipbuilding & Marine Services)
Shipping Hanwha Ocean (Daewoo Shipbuilding & Marine Services)
Shipping Hyundai Heavy Industries
Shipping Hyundai Heavy Industries
Shipping Shanghai Waigaoqiao Shipbuilding Company
Shipping Shanghai Waigaoqiao Shipbuilding Company
Shipping Shanghai Waigaoqiao Shipbuilding Company
Shipping Shanghai Waigaoqiao Shipbuilding Company
Shipping Shanghai Waigaoqiao Shipbuilding Company