OUR HERITAGE
ONEX Elefsis Shipyards and Industries S.A
US$125MM Loan to Leading Greek Shipyard Company
Delphos advised ONEX Elefsis Shipyards and Industries S.A. in raising US$125MM in senior debt from the U.S. International Development Finance Corporation (“DFC”) for the acquisition, rehabilitation, and expansion of a shipyard in Elefsina, Greece. The DFC’s investment in ONEX Elefsis Shipyards aims to expand the shipyard’s capacity, particularly in servicing liquefied natural gas (LNG) ships, thereby bolstering European energy security and fostering job creation.
Sector
Infrastructure
Amount Raised
US$125,000,000
Deal Type
Capital Raising
Unique Challenge
Delphos advised on structuring and arranging the senior secured debt facility for the acquisition and rehabilitation of the shipyard, supporting engagement with DFC and aligning the transaction with industrial and maritime infrastructure priorities.
Sub-sector
Ports / Airports
Year
2023
Type of Financing
Debt
Deal Impact in Numbers
- Capacity of up to 200 ships annually
- Development of a 30MW solar farm
- Expansion and modernization of shipyard infrastructure
Lender
DFC
SDGs



Borrower
ONEX Elefsis Shipyards, LLC
Deal Impact in Lives
- Shipyard workers and industrial employees
- Maritime operators and shipping companies
- Local communities and supporting industries
Location
Greece

