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Sølvtrans Inks Agreement on Financing Its Fleet

first_img Print  Close My location 此页面无法正确加载 Google 地图。您是否拥有此网站?确定 zoom Sølvtrans has signed an agreement with DnB, Nordea, GIEK and Exportcredit Norway on bank financing of its fleet. This financing give Sølvtrans the opportunity to further strengthen and consolidate its position as one of the leading wellboat companies in the world.Ronja PolarisThe new fleet financing includes refinancing of the existing fleet (13 vessels), construction financing and long-term financing of vessel under construction (1 vessel), and approved funding for two new wellboats if the company decides to contract them. All long-term financing from DnB and Nordea is based on bank loans in accordance with ordinary commercial terms.DnB and Nordea form a consortium in which both banks have a share of 50 % each in the refinancing of existing fleet-loan. GIEK and Exportcredit Norway are in addition involved in the long-term financing of the new vessel Ronja Polaris delivered autumn 2013, and Ronjafisk which comes for delivery in autumn 2014.The new long-term financing of existing and new vessels have an overall frame of NOK 1.3 billion (approx. USD 212.7 million). In addition come a facility for guarantees- and construction financing related to vessels under construction. The payback period on the loans are set to respectively 12.5 years for existing fleet, and 15 years for new vessels. The loan agreement also includes funding for Sølvtrans’ two vessels in Chile. This loan agreement will mean a substantial strengthening of the company’s liquidity.“This financing gives us financial predictability and security for the future. We now have the opportunity to continue the group’s growth and take additional market shares. The salmon industry in Norway and Chile need more modern wellboats with closed technology so as to reduce the risk of infections and spreading of diseases, and with this funding we are now in a position to meet our customers’ needs“, says CEO Roger Halsebakk in Sølvtrans. Sølvtrans, February 13, 2014last_img read more