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Genting Dream deal secures USD 900 million

01/20/2020| 3:06:25 PM|

Part of the funds was used for repayment of the outstanding balance of approximately USD 502 million.

Genting Hong Kong has raised USD 900 million through the successful completion of a sale and leaseback transaction of one of Dream Cruises’ cruise ships – the 2016-built, 150,000 gross ton Genting Dream.

A major milestone for all parties, this marks the first-ever sale and leaseback transaction that was closed with a consortium of four Chinese leasing companies, through their special purpose vehicles indirectly wholly-owned by Bank of Communications Financial Leasing Co., Ltd, CMB Financial Leasing Co., Ltd, CCB Financial Leasing Corporation Limited and China Development Bank Financial Leasing Co., Ltd respectively with DNB Markets acted as advisor to Genting Hong Kong. Part of the funds received was used for repayment of the outstanding balance of approximately USD502million in respect of the existing bank loan for the Genting Dream.

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TAGS: Genting Dream | Hong Kong | cruise
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