Avoca Shipping BV

Avoca Shipping & Crinnis Shipping- ECA Backed Loan

Borrower(s)
Industry
Transport/Cargo ship
Area of finance
Shipping Finance
Region
Europe
Europe
Countries
Ireland

Deal Overview

Proceeds of the senior secured loan with 90% comprehensive Atradius cover will be used to finance the delivery of ten 5,150dwt general cargo vessels, built by Dutch yards Ferus Smit and Royal Bodewes (each yard five vessels).

Deal Volume
$58.05m
Financial Close
03/02/2015
Dealmakers
Joost Keijsers

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Sources
Submitted by participant(s)

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Tranches

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Assets

Asset Type: Manufacturer:
Shipping Ferus Smit Shipyard
Shipping Ferus Smit Shipyard
Shipping Ferus Smit Shipyard
Shipping Ferus Smit Shipyard
Shipping Ferus Smit Shipyard
Shipping Royal Bodewes
Shipping Royal Bodewes
Shipping Royal Bodewes
Shipping Royal Bodewes
Shipping Royal Bodewes