the Grimaldi group has obtained from a pool of banks resources financial institutions for 180 million euros



The Neapolitan shipowning group Grimaldi has obtained from a pool of banks resources in the mid term financial institutions for 180 million euros. The first tranche of the loan union that DREAM Capital Spa Partners has organized in favour of Grimaldi Company of Spa Navigation, the society front man of the Grimaldi group, will be distributed in the next few days.

The financing is destined to the support of the characteristic activity without particular constraints in its uses and, after the distribution of the first tranche pairs to 50% in the course of 2014, it could be pulled during all 2015 according to the requirements.

A possible objective in I use it of the financing, as illustrated by the summits of the shipowning group, is represented by the investments necessary for the reduction of the consumption and the emissions of the ships that compose the fleet, so as to return this form of transport of the goods more and more efficient, competitive and to minor environmental impact.

"The financing, undersigned last week to Milan - it has emphasized the shipowning group - has found a remarkable success near the bank system, with adhesions in order more of the double quantity of the launch amount, and this has involved the necessity of leaves again although the beneficiary, as a result of the found interest, has become available to increase the amount meaningfully to agree". The company has specified that "the banks have particularly appreciated the ability to the Grimaldi group to generate turned out positive with a trend de-correlated from the general course of the shipping and to achieve meaningful profits also in difficult years for the world-wide economy and traffics".

Al loan union participates national and international backers: the Intesa Sanpaolo Group with Bank IMI in the role of Agent bank and Joint Arranger together with Mediobanca and ICBC - Industrial & Commercial Bank of China, Banca Popolare of Milan and Banco of Sardinia (Co), Bench I give Brasil, Bank of Southern Italy - MCC, MPS Services Capital, Popular Credit bank, Banco Popolare, Banca Popolare Sant'Angelo, Bank CR Savigliano and a group of Cooperative Credit banks commanded by ICCREA.

The financing has general nature and previews, besides the financial norms covenants, innovative covenant a qualitative legacy to the maximum medium age of the fleet of the Grimaldi group that is by far inferior to the medium age of the ships employed on the market.