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Carnival Corporation – export financing
23 March 2009
KfW helps deal reach cruise control
Read more:
Carnival
KfW IPEX-Bank
Commerzbank
Lloyds TSB
RBS
SG CIB
Euler Hermes
Norton Rose
WfW
Challenging times in the market require innovative financial solutions. In this financing for two cruise ships built in Germany with a total value of a580 million, the solution was unique and proved to be a win-win for the borrower, the exporter and the banks.
The deal finances the supply of two cruise vessels being built by the Meyer Werft Shipyard, Papenburg, Germany, for international cruise line operator Carnival Corporation. The two vessels Aida V and Aida VI costs are a288 million and a292 million respectively. KfW IPEX-Bank was the initial mandated lead arranger (MLA), who brought in Commerzbank, Lloyds TSB, RBS, and Société Générale as other MLAs....
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