SHUAA completes the LBO of Allianz Marine and Logistics Services with USD 160mln

SHUAA completes the LBO of Allianz Marine and Logistics Services with USD 160mln

- SHUAA secures a seven-year SOFR-based LBO facility from NBF and APICORP

- Transaction includes a 7-year interest rate swap (“IRS”) with NBF to hedge rate exposure

- This transaction underscores financiers' confidence in the regional offshore support vessels (“OSV”) sector and SHUAA’s strong sponsor credentials

- The acquisition of Allianz marks SHUAA managed fund’s second investment in OSV space following the acquisition of Stanford Marine Group in 2020, creating the largest OSV portfolio in the region and the fourth largest fleet in the world

United Arab Emirates: SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, today announced the funding of its leveraged buyout (“LBO”) financing facility for the acquisition of Allianz Marine and Logistics Services Holding Limited (“Allianz”) by its managed fund after securing a USD 160 million seven-year acquisition finance facility from National Bank of Fujairah (“NBF”) and Arab Petroleum Investments Corporation (“APICORP”), an energy-focused multilateral financial institution.

The facility is one of the largest Secured Overnight Funding Rate (“SOFR”) based facilities of its size for an LBO transaction in the region. Allianz’s financing is also one of the few corporate credit facilities in the Middle East with Term SOFR as benchmark pricing. As part