Marine Funding

Case Study – Acquisition

Finance was agreed to fund a new 50-metres plus superyacht acquisition.

Funding was agreed on a standalone basis at a competitive rate with a UK private bank. The vessel was structured in an offshore vehicle with all the necessary tax/permissions agreed and secured.

Case Study – Refinance

An Italian client wanted to accelerate and terminate a “vendor credit arrangement” he had in place with the previous owner of the yacht and take advantage of a discounted final price.

A solution was sourced on a standalone financing basis after work was undertaken to help the financier establish the quality and market values. No wider banking relationship was required.

Ownership was transferred into a new Maltese special purpose vehicle (SPV) held in a complex multinational ownership structure. This was all completed within three months, from the initial meeting through to the drawing of the loan.

No additional banking requirements were attached.