ICG Concludes An Additional €80 Million Financing Facility With The European Investment Bank
Irish Continental Group PLC has concluded an additional financing facility with the European Investment Bank. It comprises a committed €80 million drawing limit and is available for drawing during July 2018. Repayments are on an amortising basis over a 12-year term.
The facility will be used to finance the construction of the second new vessel for Irish Ferries.
The European Investment Bank (EIB), Société Générale and Brittany Ferries announced the first green maritime financing under EIB’s €750 million Green Shipping Guarantee (GSG) programme put in place last year by the EIB and Société Générale, for Brittany Ferries’ HONFLEUR. This new vessel will be Brittany Ferries’ first LNG-powered ferry, to be built by Flensburger (FSG).
Société Générale acted as the main arranger of the €142.6 million financing for the acquisition of the HONFLEUR, which includes a tranche of €49.5 million fully guaranteed by the EIB.
Rendering H. Krüger