Following four years of growth, Macquarie Group’s Shipping Finance business’ loan book has recently passed $US1 billion. The business, which specialises in providing finance to small and medium sized shipowners, has now financed over 190 vessels globally, with a total market value of more than $US3 billion. Macquarie identified the opportunity to establish its shipping .
Fleetscape announces new securitisation facility with Macquarie
Fleetscape Capital Limited (“Fleetscape”), the alternative capital provider to the maritime and offshore industries, has entered into an innovative financing structure with Macquarie Bank Limited (“Macquarie”), which provides a more efficient offer to vessel owners looking at higher leverage situations.
The financing provided by Macquarie is structured on securitisation principles and enables Fleetscape to offer sale-and-leaseback or unitranche financing on highly competitive terms. Coupled with Fleetscape’s unparalleled transaction-execution capabilities, the facility ensures that Fleetscape will remain one of the financing partners of choice for mid-sized and smaller vessel owners and operators seeking to raise innovative asset backed financing beyond the capabilities of their existing banking relationships.