7 August 2013
Watson, Farley & Williams (“WFW”) is pleased to announce that it has advised Viking Cruises on the financing of two new ocean cruise ships which are being constructed for Viking Cruises by Fincantieri in Italy.
The financing which is for a loan amount of €250 million per vessel was made available by Unicredit Bank Austria AG as Mandated Lead Arranger with Deutsche Bank, Intesa San Paolo and Cassa depositi e prestiti as Arrangers. The loans are supported by Italian export credit agency SACE.
Nicola Davies, asset finance partner at WFW said: “We are delighted to have been involved with the first cruise vessels ordered by Viking Cruises and to have represented them in this innovative and complex financing”.
WFW has recently been advising on a spate of deals in the cruises sector. In August 2013 WFW advised Royal Caribbean Cruises Ltd on €892 million financing and the lenders on the financing of a luxury cruise ship for Regent Seven Seas Cruises.