Italy’s illimity Bank is the lender behind domestic start-up Kalypso Compagnia di Navigazione’s entry into container ship owning.
The bank’s legal advisor, Watson Farley & Williams (WFW), said illimity acted as the lender, arranging and agent bank for the transaction, in which the company acquired the 3,426-teu MPC Group-linked Burgundy (built 2008) in September.
Illimity oversaw two loans: one secured under the SupportItalia guarantee issued by Italian export credit agency SACE, and the second under a guarantee granted by the European Investment Fund, owned by European Union member states.
