MARINE FUNDING - CASE STUDIES

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.

Knox Capital Solutions manages all aspects of the process as follows:

  • Sourcing the most suitable options
  • Reaching agreement with the lender and the client/team
  • Coordinating all the interested parties to ensure a timely conclusion (lender, lawyers, boat yard, insurance company)

It is important to ensure that the most suitable financiers are brought together to help achieve the best solution for the client, taking account of the jurisdiction that may be involved.

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.

GET IN TOUCH WITH OUR EXPERTS

We have a highly experienced team who have extensive backgrounds in Finance and an ethos to provide the best service for clients. We take time and care getting to know our clients and tailoring the terms available in the marketplace to ensure we secure the best terms possible.

Our team share their knowledge with each other to ensure we are all working collectively to cater for our client’s needs and keeping abreast of any market developments.