Fairstar funding for Forte and Finesse

Dutch shipping firm Fairstar Heavy Transport has completed a $247m syndicated loan, led by ING, to finance the outstanding payment obligations for the construction of two semi-submersible vessels.

  • 22 May 2012

The one year deal is priced at 400bp over Libor for the first nine months, rising to 600bp over Libor for the remaining period of the deal.

The facility will also refinance outstanding loans with HSH Nordbank and ABN Amro and provides the company with $20m tranche for the ...

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