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KfW IPEX-Bank supports TUI Cruises' growth

KfW IPEX-Bank supports TUI Cruises' growth
KfW IPEX-Bank is part of a banking consortium that is supporting the expansion of TUI Cruises with high-volume financing transactions.

The expansion includes two further newbuilds recently ordered at Meyer Turku shipyard.

Jointly with UniCredit and one other European commercial bank, KfW IPEX-Bank as one of the bookrunners structured the entire financing of the new ships for TUI Cruises and secured the order for the Meyer Turku shipyard with its commitment to finance the total loan amount.

Additional banks contributed to the financing.

'As one of the world's leading providers of ship finance we are once again underlining our structuring expertise in the cruise sector with this commitment, said Christian K. Murach, responsible member of the management board at KfW IPEX-Bank. 'We are pleased to have been a reliable financing partner for the successful German shipping company TUI Cruises from the very beginning.'

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