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	<title>Marine Money Archives &#187; Norwegian Cruise Lines</title>
	<atom:link href="http://www.marine-money.com/archive/tag/norwegian-cruise-lines/feed" rel="self" type="application/rss+xml" />
	<link>http://www.marine-money.com</link>
	<description>The Ship Finance Publication Of Record</description>
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		<title>All Eyes Are On Genmar</title>
		<link>http://www.marine-money.com/archive/all-eyes-are-on-genmar</link>
		<comments>http://www.marine-money.com/archive/all-eyes-are-on-genmar#comments</comments>
		<pubDate>Thu, 05 Nov 2009 16:43:23 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Barclays]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[DnB]]></category>
		<category><![CDATA[General Maritime]]></category>
		<category><![CDATA[Georgiopoulos]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[JPMorgan]]></category>
		<category><![CDATA[Navios Maritime Holdings]]></category>
		<category><![CDATA[NCL Corporation Ltd.]]></category>
		<category><![CDATA[Norwegian Cruise Lines]]></category>
		<category><![CDATA[Pribor]]></category>
		<category><![CDATA[Royal Caribbean Cruise]]></category>
		<category><![CDATA[UBS]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=6418</guid>
		<description><![CDATA[We know that <strong>General Maritime</strong>’s dynamic duo, Messrs <strong>Georgiopoulos</strong> and <strong>Pribor</strong> are on the road marketing their $300 million senior unsecured notes offering due in 2017 and so, while they are busy selling we thought we would take a read of the high yield market. 
 
Earlier this week, <strong>Navios Maritime Holdings</strong> closed its successful $400 million private offering of first priority ship mortgage notes due in 2017. Rated BB-/Ba3, the coupon on the notes was 8.875% and was priced to yield 9.125%. The company escrowed $105 million of the proceeds to provide additional financing to complete the purchase of]]></description>
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		<title>Deal of the Year – 2002 Bank Debt</title>
		<link>http://www.marine-money.com/archive/deal-of-the-year-%e2%80%93-2002-bank-debt</link>
		<comments>http://www.marine-money.com/archive/deal-of-the-year-%e2%80%93-2002-bank-debt#comments</comments>
		<pubDate>Wed, 01 Jan 2003 08:10:27 +0000</pubDate>
		<dc:creator>carisk</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Bergesen]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[HMC]]></category>
		<category><![CDATA[HMM]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[Hyundai Merchant Marine]]></category>
		<category><![CDATA[Irving]]></category>
		<category><![CDATA[JD Irving]]></category>
		<category><![CDATA[KMC]]></category>
		<category><![CDATA[Korea Development Bank]]></category>
		<category><![CDATA[Korea Exchange Bank]]></category>
		<category><![CDATA[Korea Ro]]></category>
		<category><![CDATA[Norwegian Cruise Lines]]></category>
		<category><![CDATA[Petronet LNG]]></category>
		<category><![CDATA[Star Curises]]></category>
		<category><![CDATA[Wallenius Wilhelmsen]]></category>

		<guid isPermaLink="false">http://marine-money.com/?p=2762</guid>
		<description><![CDATA[Determining the bank debt deal of the year is usually the most challenging of all the awards we give. Of the hundreds of revolvers, term loans and refinancing totaling about $40bn done for the shipping industry each year, it is generally very difficult to determine a winner – but this year it was easy.

This year's Bank Debt Deal of Year award goes to Citigroup, the Korea Development Bank and the Korea Exchange Bank for the $1.05bn facility that they arranged to finance Wallenius Wilhelmsen's (WW) acquisition of Hyundai Merchant Marine (HMM)'s car carrier business, including the term charters with Hyundai Motors and Kia Motors (HMC/KMC). The NewCo, known as "Korea Ro-Ro", is to be jointly owned by Wallenius 40%, Wilhelmsen 40% and HMC/KMC 20%.

There were several things we liked about this deal. Perhaps more impressive that its sheer size was the fact that it attracted more funding from foreign lenders than any previous Korean leveraged deal. This Norwegian/Korean transaction was also extremely complex, requiring securitization of cash flow streams into three tranches with multiple security packages and pricing.]]></description>
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