HSH Nordbank and UniCredit finance port operator in Rostock
Hamburg/Kiel, November 7, 2012 - HSH Nordbank and UniCredit are making available EUR 50 million as Senior Debt Facilities to SHRU Holding GmbH & Co. KG, the shareholder of Seehafen Rostock Umschlagsgesellschaft mbH.
SHRU Holding, which forms part of the Euroports Group, is the leading company for cargo handling, transport, storage and logistics at the Port of Rostock with an average handling volume of approx. 13 million tons per year. With this finance the Group is seeking to secure its position as the leading Baltic Sea port for bulk goods and to further expand its high performance level.
HSH Nordbank is acting as Facility and Security Agent while UniCredit is the Accounts Bank. Legal support was provided by White & Case on behalf of Euroports and Clifford Chance on behalf of the Lenders.
"By financing the Rostock-based port operator SHRU Holding we are once again demonstrating our commitment to our core region in Northern Germany", said Marcus Kleiner, Head of Origination Infrastructure & Rail at HSH Nordbank.
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