The Greek Deal.com
$250 million from Alpha Bank to P.G. Livanos | TheGreekDeal.com
SECRET
$250 million from Alpha Bank to P.G. Livanos
Alpha Bank participated with 250 million dollars in the consortium loan totaling 2.8 billion, concluded by the shipping company GasLog, owned by Peter G. Livanos
Newsroom
TIME TO READ
1 min
Peter G. Livanos

Alpha Bank participated with 250 million dollars in the consortium loan totaling 2.8 billion, concluded by the shipping company GasLog, owned by Peter G. Livanos, along with a total of 14 banks, for the refinancing of the existing debt of the listed company.

The consortium, in addition to the rather significant, as characterized by the market, participation of Alpha Bank, given its size, is considered one of the first loans of such magnitude in this sector with sustainability clauses, both environmental and inclusivity.

The shipping company controls a fleet of 23 very large liquefied natural gas carriers and one FSRU. With this specific loan, it is committed to maintaining specific performance indicators linked to the carbon dioxide emissions of the group and the representation of women in the company's internship program.

The law firm Norton Rose Fulbright advised the global coordinating lenders Citibank and BNP Paribas. DNB Bank of Norway acted as the representative, while the Dutch ABN AMRO took on the role of sustainability coordinator.

READ ALSO