Nile Dutch
Refinancing of existing Revolving Credit Facility
- In February 2019, Avaxa was engaged by NileDutch, a leading container and breakbulk carrier between West Africa and the rest of the world, to assist in the refinancing of its Revolving Credit Facility;
- The combination of the historical financial performance of NileDutch and the cautious stance lenders generally had been taking towards financing the Shipping sector meant that the refinancing had to be executed amidst challenging circumstances; and
- In June 2019 the refinancing was successfully closed, with Rabobank acting as lender. The committed RCF provides NileDutch with surety of funding and accommodates liquidity swings throughout the year, both of which are necessary for NileDutch to conduct its business and execute its strategy.
