HSH Nordbank arranges two important Syndication Transactions in Greece
Hamburg/Kiel/Athen, March 7, 2008 - With an overall volume of USD 554 million US-Dollar, based on two Syndication Transactions, HSH Nordbank strengthens its position in the Greek shipping market. Both deals have been arranged and closed this year.
As Bookrunner and Lead Arranger, HSH Nordbank has arranged and structured a USD 350 million revolving credit facility for NASDAQ listed Capital Product Partners LP for the acquisition of several tankers. A group of four other banks was involved.
The second syndication transaction is a USD 204 million loan facility for the financing of seven bulker newbuildings for clients of Primera Maritime (Hellas) Ltd, Athens. Apart from HSH Nordbank as Lead Arranger, two other banks are participating in this Club Deal.
HSH Nordbank AG is the world’s largest provider of ship finance. Since the opening of its Representative Office in Greece in summer 2007, HSH Nordbank extended its shipping business in Greece significantly. With a share of 11 percent of the bank’s shipping portfolio, Greece is the most important foreign market for HSH Nordbank’s shipping business.
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