Global law firm Norton Rose Fulbright has advised BNP Paribas, a syndicate of lenders, SACE and SIMEST on the financing of four new cruise vessels for Viking Ocean Cruises.
The financing consists of four export credit loan facilities, which are together worth around $2 billion. The facilities are backed by Italian export credit agency SACE and contain a fixed rate subsidy offered by SIMEST.
The ocean-going passenger cruise vessels are being constructed at Fincantieri S.p.A. and are...