Fortuna
Edison Capital Partners has brokered a 690 Mio Renminbi financing deal (+/- 100 Mio US dollars) for Maritime Construction Services’ pipe lay barge “Fortuna”.
Edison Capital Partners arranged the financing for MCS’ pipe lay barge “Fortuna”, representing the company’s biggest investment thus far – more than 150 million USD. Through Edison’s expertise, MCS was granted a financing facility of 690 million Renminbi (roughly 100 million USD) by the China Development Bank (CDB) – a first, as no foreign company has ever received such a high loan in Renminbi currency from a Chinese bank. By resorting to financial derivates, Edison has eliminated all currency exchange risks, allowing MCS to hedge its exposure to a currency widely expected to be revalued in the coming years.
