MSC Cruises Fetches USD 2.8 Bn to Finance New Ships

MSC MeravigliaIllustration; Image Courtesy: Pixabay under CC0 Creative Commons license

Switzerland-based cruise company MSC Cruises has secured an EUR 2.5 billion (USD 2.8 billion) financing package for three new vessels.

The ships in question are the company’s World Class 1 and 2 and a fifth vessel in their Meraviglia Class of ships.

According to law firm Watson Farley & Williams, the financing structure provides construction financing for the cruise ships as well as post-delivery financing in respect of 80% of the total cost of construction of the three units.

The financing was provided by a syndicate of lenders with Société Générale as lead mandated lead arranger, Citibank N.A. as initial mandated lead arranger and BNP Paribas, HSBC France, Banco Santander and Unicredit AG as mandated lead arrangers.

Once delivered, the World Class vessels would be the largest cruise ships in the world by passenger numbers. All three ships are being built at Chantiers de l’Atlantique in St Nazaire, France, with World Class 1 due for delivery in 2022, Meraviglia 5 in 2023 and World Class 2 in 2024.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >