WFW advises MPCC on US$200m strategic vessel sales and acquisitions
The deal includes disposing of the 2,800 TEU container ships Cimbria and Cardonia.
The deal includes disposing of the 2,800 TEU container ships Cimbria and Cardonia.
Consisting of a 50% term loan and a 50% revolving loan, the credit facility has a final maturity of 30 June 2028.
The financing will be used to develop a 40 MW portfolio of ready-to-build projects.
The financing is the first green loan granted to a Spanish energy company by EKSFIN.
The assets were refinanced under a PPP structure in a facility agreement subject to Spanish Law.
WFW led and negotiated the entire transaction, including finalising the sale and purchase agreement.
The Euro notes will be used to fund green assets.
The loans acquired pertain to 14 vessels owned by eight different ship owners.
The restructuring was implemented using two procedures that have been used together for the first time.
The loan was structured as a green facilities agreement.
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