IFLR1000

STX France €1.05 billion financing

1/5/2015
Asset finance
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€ 900 million

$ 952.522 million

Completed

1/5/2015

Overview:

  • STX France successfully attained at least €900 million of ECA financing to pay for the production of an oasis IV cruise ship. 
  • The ship was ordered by Royal Caribbean Cruises.  
  • The transaction involved French ECA support from COFACE and CFDI and contained a number of unique structuring features.  

John Crabb - Journalist 

Jurisdiction:

France

Deal type:

Asset finance

Practice area:

Banking

Governing law:

France

Industry sectors:

Transport
Tourism

Firms:
Norton Rose Fulbright

Party: Citibank (Lender)

Lawyer: Christine Ezcutari

Willkie Farr & Gallagher

Party: STX France (Borrower)

Lawyer: Brice Pommiès

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