UASC Completes Landmark & Award Winning Finance Deal

- , 30/05/2016, 17:16

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Further, this transaction demonstrates UASC’s willingness to adapt to changes in the traditional ship finance market and implement innovative financing structures in response to those changes
United Arab Shipping Company (UASC) announced today the recent successful conclusion of a series of transactions that resulted in the issuance by a U.S. based trust of USD 162 million of Enhanced Maritime Trust Certificates (EMTC). The EMTCs were issued in an offering pursuant to Section 4(a)(2) and Regulation S under the U.S. Securities Act, and the transaction marks UASC’s debut financing in the debt capital markets.

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