EUR 192m

December 2019

Oceanco

Refinancing and increase of term loan and bank guarantee facilities

  • Oceanco is a world-class builder of custom superyachts in the 80–140 meters range, with clients being ultra-high net worth individuals;
  • Avaxa assisted Oceanco in refinancing its existing debt, including bank guarantee facilities and attracting additional funding for further expansion;
  • Avaxa was engaged in Q4 2018 and assisted Oceanco in financial modelling, developing a Bank Presentation and Request for Proposal as well as hands on and tight process management;
  • Following a competitive process, involving both banks and surety providers, bilateral guarantee and term loan facilities have been provided by Rabobank, Zurich Insurance and Liberty Mutual Insurance. This financing package enabled Oceanco to further execute its growth strategy.