Daily News: May 8, 2019

DVB Bank Leads $175MM Bulk Carrier Financing for Polsteam Group


A bank syndicate led by DVB Bank closed the financing of 34 bulk carriers for Polsteam Group.
The syndicate consisted DVB Bank as mandated lead arranger and bookrunner and CIT Group as lead arranger. Société Générale, BNP Paribas, Siemens Bank, Crédit Agricole Corporate & Investment Bank and Crédit Agricole Bank Polska were co-arrangers.

Poland-based Polsteam Group is offers shipping services to around 60 countries.