Color Group Nabs USD 141 Mn for M/S Color Magic

Color Lines vessečIllustration; Image Courtesy: PxHere under CC0 Creative Commons license

Oslo-listed Color Group AS concluded a USD 141 million 5-year financing agreement for its cruise ferry M/S Color Magic.

The new revolving credit facility has been secured with a syndicate of banks including Nordea, Danske Bank, ABN Amro, SEB, Sparebanken Møre, and DnB. The re-payment profile is 10 years.

Color Group said that the first drawn tranche which re-finances the existing loan facility due in September 2019 will be approx. NOK 500 mill (USD 58 million).

Color Magic was built at Aker Finnyards Rauma Shipyard, Finland in 2007 and is a sister vessel of MS Color Fantasy, delivered to Color Line in 2004. 

Color Line’s Color Fantasy and Color Magic provide a daily link between Kiel and Oslo.

 

Share this article

Follow World Maritime News

Posted on December 10, 2018

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >