Significant credit and documentation challenges were present including the negotiated lease documents structured per Lessee’s requirements and project management challenges associated with overseas vendors and equipment deliveries.
|Equipment:||20′-40′ HC Reefer, Flat Rock and Dry Containers|
|Lessee:||The Lessee is global merchant marine and logistics company, specializing in the container liner service from Asia with operations in 60 ports across 16 countries worldwide.|
|Transaction:||The transaction was structured as a 60 month capital lease.|
|Competition:||Significant competition from leading global banks due to Lessee’s BBB+ equivalent credit rating. CGCF secured the deal by providing competitive rates with no bank covenants|
|Highlights:||The Lessee chose CGCF as we were able to overcome significant documentation challenges including negotiated lease documents structured per Lessee’s requirements and numerous project management challenges associated with multiple overseas vendors and equipment deliveries. CGCF established progress payments for vendor management and 100% financing with significant percentage of soft costs (installation, port servicing fees and delivery).|