Transactions

NorthCape AS
NorthCape AS

Portfolio Segments Funded

Number of Assets and Asset Value

NorthCape AS
  • NorthCape assisted Norwegian Air Shuttle (“NAS) with the financing of 4×737-Max 8 aircraft (the “Aircraft”) to be delivered from Boeing during 2018 and 2019
  • In December 2018 NAS could announce that it had received an estimated USD 200 million financing commitment from CCB Financial Leasing Co. Ltd. (”CCBL») through a sale and leaseback transaction for the Aircraft
  • The financing structure would fund 85% of the purchase price of each Aircraft and leased back to NAS for a firm period of 12 years at a competitive interest rate
  • Under the leasing structure, NAS has options to purchase the Aircraft after the fourth anniversary of the financing
  • The final documentation was signed in December 2018 and the first Aircraft was delivered the same month
NorthCape AS
NorthCape AS

NorthCape approached Golar LNG in September 2013 about financing their LNG vessels under construction in Korea.

In November 2013 Golar LNG announced that it had received an estimated USD 800 mill. financing commitment from ICBC Financial Leasing Co. Ltd. («ICBCL») through a sale and leaseback transaction for four of the remaining five unfinanced newbuildings.

The financing structure would fund 90% of the purchase price of each vessel and bareboat chartered to Golar LNG for a firm period of 10 years.

The lease is not reliant on long-term charters being in place.

Under the leasing structure, the Golar LNG has options to purchase the vessels after the fifth anniversary of the financing.

The final documentation was signed in February 2014 and the first vessel was delivered and funded in November 2014.

NorthCape AS

In 2018 NorthCape advised Norwegian Air Shuttle with the financing of four Boeing 737 aircraft to be delivered during 2018 and 2019. The financing was structured as a long term sale and leaseback with a major Chinese Leasing house. Furthermore, during the lease Norwegian has options to purchase the aircraft. The final documentation was signed in December 2018 and the first aircraft was delivered the same month.

NorthCape AS
NorthCape AS

NorthCape approached Golar LNG in September 2013 about financing their LNG vessels under construction in Korea.

In November 2013 Golar LNG announced that it had received an estimated USD 800 mill. financing commitment from ICBC Financial Leasing Co. Ltd. («ICBCL») through a sale and leaseback transaction for four of the remaining five unfinanced newbuildings.

The financing structure would fund 90% of the purchase price of each vessel and bareboat chartered to Golar LNG for a firm period of 10 years.

The lease is not reliant on long-term charters being in place.

Under the leasing structure, the Golar LNG has options to purchase the vessels after the fifth anniversary of the financing.

The final documentation was signed in February 2014 and the first vessel was delivered and funded in November 2014.

Portfolio Segments Funded

[graph_lite id=»6590″]

Number of Assets and Asset Value

[graph_lite id=»6592″]

Portfolio Segments Funded

[graph_lite id=»6727″]

Number of Assets and Asset Value

[graph_lite id=»6592″]

4 X CHEMICAL TANKERS

Year: 2019
Seller/Charterer: Large Corporate
Total value of Assets: ~USD 125m
Structure: Sale and leaseback

2 X AIRCRAFT

Year: 2019
Seller/Buyer: Large corporate
Total value of assets: ~USD 100 mill.
Structure: S&P

4 X AIRCRAFT

Year: 2018
Seller/Charterer: Large corporate
Total value of assets: ~USD 200 mill.
Structure: Sale and leaseback

2 X AIRCRAFT

Year: 2018
Seller/Buyer: Large corporate
Total value of assets: ~USD 60 mill.
Structure: S&P

4 X MR TANKERS

Year: 2018
Seller/Charterer: Large corporate
Total value of assets: ~USD 135 mill.
Structure: Sale and leaseback

4 X MR TANKERS

Year: 2018
Seller/Charterer: Large corporate
Total value of assets: ~USD 145 mill.
Structure: Operating Lease

2 X CHEMICAL TANKERS

Year: 2018
Seller/Charterer: Large corporate
Total value of assets: ~USD 65 mill.
Structure: Sale and leaseback

CRUISE VESSEL

Year: 2018
Seller/Charterer: Large corporate
Total value of assets: ~USD 400 mill.
Structure: Sale and leaseback

2 X CRUISE VESSELS

Year: 2018
Seller/Charterer: Large corporate
Total value of assets: ~USD 775 mill.
Structure: Sale and leaseback

4 X LR2 PRODUCT TANKERS

Year: 2018
Seller/Charterer: Large corporate
Total value of assets: ~USD 170 mill.
Structure: Sale and leaseback

4 X VLCCS

Year: 2018
Seller/Charterer: Large corporate
Total value of assets: ~USD 340 mill.
Structure: Sale and leaseback

LNG NB PROJECT

Year: 2017
Seller/Charterer: Large corporate
Total value of assets: ~USD 500 mill.
Structure: NB including finance

2 X LNG CARRIERS

Year: 2017
Seller/Charterer: Large corporate
Total value of assets: ~USD 400 mill.
Structure: Sale and leaseback

4 X MR PRODUCT TANKERS

Year: 2017
Seller/Charterer: Large corporate
Total value of assets: ~USD 125 mill.
Structure: Sale and leaseback

2 X LNG CARRIERS

Year: 2017
Seller/Charterer: Large corporate
Total value of assets: ~USD 400 mill.
Structure: Sale and leaseback

2 X CRUISE VESSELS

Year: 2017
Seller/Charterer: Large corporate
Total value of assets: ~USD 700 mill.
Structure: Sale and leaseback

4 X LR2 PRODUCT TANKERS

Year: 2017
Seller/Charterer: Large corporate
Total value of assets: ~USD 160 mill.
Structure: Sale and leaseback

2 X STAINLESS STEEL CHEMICAL TANKERS

Year: 2017
Seller/Charterer: Large corporate
Total value of assets: ~USD 80 mill.
Structure: Sale and leaseback

SUEZMAX TANKER

Year: 2017
Seller/Charterer: Large corporate
Total value of asset: ~USD 50 mill.
Structure: Sale and leaseback

VLCC

Year: 2016
Seller/Charterer: Large corporate / Private equity
Total value of asset: USD 90m
Structure: Sale and leasebac

LARGE SCALE LNG PROJECT

Year: 2016
Seller/Charterer: Large corporate
Total value of assets: USD 1,600 mill.
Structure: Pre- and post delivery financing

2 X DRY BULK VESSELS

Year: 2016
Buyer: Ship owner / Operator
Total value of assets: ~USD 10 mill.
Structure: Sale including senior financing

3 X LR 2 PRODUCT TANKERS

Year: 2016
Seller/Charterer: Large corporate
Total value of assets: ~USD 150 mill.
Structure: Sale and leaseback

CRUISE VESSEL

Year: 2016
Seller/Charterer: Large corporate
Total value of assets: USD 350 mill.
Structure: Sale and leaseback

2 X DRY BULK VESSELS

Year: 2016
Buyer: Private equity
Total value of assets: ~USD 20 mill.
Structure: Sale and senior financing

LNG CARRIER

Year: 2016
Seller/Charterer: Large corporate
Total value of assets: USD 200 mill.
Structure: Sale and leaseback

2 X OFFSHORE LNG INSTALLATIONS

Year: 2015
Seller/Charterer: Large corporate
Total value of assets: ~USD 590 mill.
Structure: Sale and leaseback

LARGE SCALE LNG PROJECT

Year: 2015
Seller/Charterer: Large corporate
Total value of assets: ~USD 1,200 mill.
Structure: Pre- and post delivery financing

8 X PRODUCT TANKERS

Year: 2015
Seller/Charterer: Large corporate
Total value of assets: ~USD 400 mill.
Structure: Sale and leaseback

4 X HANDYSIZE CONTAINER VESSELS

Year: 2015
Seller/Charterer: Large corporate
Total value of assets: ~USD 130 mill.
Structure: Sale and leaseback

TWO SEMI SUBMERSIBLE DRILLING RIGS

Year: 2014
Borrower: Listed drilling company
Structure: Junior loan
Total value of assets: > USD 1300 mill.
Junior loan amount: ~USD 250 mill.

4 X LNG CARRIERS

Year: 2014
Seller/Charterer: Large corporate
Total value of assets: > USD 800 mill.
Structure: Sale and leaseback

DP2 PIPELAY AND HEAVY-LIFT CONSTRUCTION VESSEL

Year: 2014
Seller/Charterer: Listed company in Norway
Guarantor: Listed company in Singapore
Total value of asset: USD 200 mill.
Structure: 10 year sale and leaseback

27 x A320 NEO AIRCRAFT

2019
S&P and joint venture agreement
Total value of Assets: ~ USD 1,500 mill.

1 x EXPEDITION CRUISE VESSEL

2019
Sale and leaseback
Total value of Assets: ~ USD 310 mill.

5 x 737-800 AIRCRAFT

2019
S&P
Total value of Assets: ~ USD 165 mill.

1 X FSRU

2019
Sale and leaseback
Total value of Assets: ~USD 280 mill.

4 X CONTAINER VESSELS

2019
Sale and leaseback
Total value of Assets: ~USD 150 mill.

4 X CHEMICAL TANKERS

2019
Sale and leaseback
Total value of Assets: ~USD 125 mill.

2 X A320 NEO AIRCRAFT

2019
Sale and leaseback
Total value of Assets: ~USD 100 mill.

4 X 737 MAX AIRCRAFT

2018
Sale and leaseback
Total value of Assets: ~USD 200 mill.

4 X MR TANKERS

2018
Operating lease
Total value of Assets: ~USD 145 mill.

2 X 737 – 800 AIRCRAFT

2018
S&P
Total value of Assets: ~USD 60 mill.

2 X CRUISE VESSELS

2018
Sale and leaseback
Total value of Assets: ~USD 850 mill.

1 X CRUISE VESSELS

2018
Sale and leaseback
Total value of Assets: ~USD 400 mill.

2 X LR2 TANKERS

2018
Sale and leaseback
Total value of Assets: ~USD 170 mill.

4 X VLCCs

2018
Sale and leaseback
Total value of Assets: ~USD 340 mill.

2 X LNG CARRIERS

2017
Sale and leaseback
Total value of Assets: ~USD 400 mill.

2 X FSRU

2017
Sale and leaseback
Total value of Assets: ~USD 500 mill.

2 X LNG CARRIERS

2017
Sale and leaseback
Total value of Assets: ~USD 400 mill.

4 X LR2 TANKERS

2017
Sale and leaseback
Total value of Assets: ~USD 165 mill.

2 X CRUISE VESSELS

2017
Sale and leaseback
Total value of Assets: ~USD 700 mill.

LARGE SCALE LNG PROJECT

2016
Sale and leaseback
Total value of Assets: ~USD 1,600 mill.

4 X MR TANKERS

2016
Sale and leaseback
Total value of Assets: ~USD 150 mill.

CRUISE VESSELS

2016
Sale and leaseback
Total value of Assets: ~USD 350 mill.

LNG CARRIER

2016
Sale and leaseback
Total value of Assets: ~USD 200 mill.

3 X LR2 TANKERS

2016
Sale and leaseback
Total value of Assets: ~USD 150 mill.

LARGE SCALE LNG PROJECT

2015
Pre- and Post- Delivery financing
Total value of Assets: ~USD 1,200 mill.

2 X FSRU VESSELS

2015
Sale and leaseback
Total value of Assets: ~USD 590 mill.

2 X SEMI-SUBM. DRILLING RIGS

2014
~USD 250 mill. Junior loan
Total value of Assets: ~USD 1,300 mill.

2 X LNG CARRIERS

2014
Sale and leaseback
Total value of Assets: ~USD 800 mill.

2 X FSRU VESSELS

2015
Sale and leaseback
Total value of Assets: ~USD 590 mill.

2 X SEMI-SUBM. DRILLING RIGS

2014
~USD 250 mill. Junior loan
Total value of Assets: ~USD 1,300 mill.

2 X LNG CARRIERS

2014
Sale and leaseback
Total value of Assets: ~USD 800 mill.