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EY Law supported Yachtex Services Oy in issuing MEUR 10 Senior Secured Bonds to strengthen its financing position.
As the financial market and financing possibilities remain challenging and EY Law having a deep understanding of the complexities involved, EY Law successfully advised and facilitated a private placement issuance of 10 MEUR of Senior Secured Bonds by Yachtex Services Oy.
The issue consisted of floating rate 3+1 years Senior Secured Bonds in physical bearer form backed by ship mortgage security as a part of this rare and innovative financing solution.
EY Law prides itself on delivering holistic legal and financial insights, ensuring our clients have a seamless transaction experience from start to finish.
Tuomas Virranniemi, CEO of Yachtex Services Oy:
“We are very satisfied with the cooperation with EY team. This was the first time for us arranging such a financing structure with an international bank. Everything went according to the agreed schedule and the cooperation has been smooth. EY team’s wide expertise is really appreciated. In particular, I would like to mention their deep understanding in identifying, selecting and facilitating corporate finance partners for us, preparing financial instruments, and executing the whole documentation process in a very challenging timetable.
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