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Pre-delivery Payment of the Year 2011
16 April 2012
Norwegian Air Shuttle
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Deals of the Year
2011
Only one month after receiving the mandate, DVB Bank closed a $48 million revolving loan facility for predelivery payments (PDP) for Norwegian Air Shuttle that ensured mutually acceptable terms for the borrower and lender. It was a fairly complex negotiation, according to Frank Wulf, managing director, aviation, Europe, Middle East and Africa at DVB Bank.
Norwegian achieved price certainty and, at the same time, the bank hedged its future liquidity cost, using...
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