Unibank Finances Chiquita Newbuildings

Financing for the last two of six Chiquita reefer newbuildings has recently been arranged by the Danish bank Unibank and a Difko partnership, in a deal worth over Kr500m.

Under the terms of the deal, K/S Difko LXXVI has taken over two shipbuilding contracts previously agreed between Danyard A/S, part of the J. Lauritzen Group, and two of Danyard’s wholly owned subsidiaries. The cost of the vessels will be Kr257.43m ($39.85m) and Kr255.38m. The purchase price of the second vessel is lower because of the longer construction period.

The deal is structured around the typical Danish bond scheme with bank loans issued to the Difko partnership, which is also raising Anparter equity.

This is only an excerpt of Unibank Finances Chiquita Newbuildings

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.