WFW advises MSC on financing for two new LNG-powered cruise ships18 April 2024
We advised MSC Cruises on the financing for two new LNG-powered cruise ships from French ship builder Chantiers de l’Atlantique
We advised MSC Cruises on the financing for two new LNG-powered cruise ships from French ship builder Chantiers de l’Atlantique
Consisting of a 50% term loan and a 50% revolving loan, the credit facility has a final maturity of 30 June 2028.
The vessel is expected to be the best-performing cruise ship in the world.
WFW has promoted eleven lawyers to the firm’s partnership for 2023.
The senior term loan facility, which expires in 2029, was signed to refinance two existing facilities.
The vessel was funded by a pre- and post-delivery financing facility backed by Italian ECA SACE.
Construction is expected to be completed in December 2023 and, when finished, will be the largest cruise terminal in the US.
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The financing structure provides construction financing for the Vessels as well as post-delivery financing in respect of 80% of the total cost of construction of the three vessels.