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ONEX Elefsis Shipyards and Industries S.A

US$125MM Loan to Leading Greek Shipyard Company

Delphos Financial Advisor ONEX Elefsis Shipyards and Industries S.A
Delphos Financial Advisor ONEX Elefsis Shipyards and Industries S.A
Delphos Financial Advisor ONEX Elefsis Shipyards and Industries S.A

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.

Greece, Infrastructure, Ports / Airports, Europe, Capital Raising, 2023, SDG

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

SDG 8 Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for allSDG 9 Reduce inequality within and among countriesSDG 12 Ensure sustainable consumption and productions patterns

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

Greece ONEX Elefsis Shipyards and Industries S.A Financial Advisory Delphos