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Konecranes

Konecranes will supply 18 cranes to three European ports

Konecranes will supply 18 rubber tyred gantry cranes (RTGs) with automation systems to three different container terminals. Finnvera granted a EUR 26 million buyer credit guarantee.
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Konecranes will supply 18 rubber tyred gantry cranes (RTGs) with automation systems to three different container terminals. There will be six cranes in each port: the port of Gävle in Sweden, the port of Liscont in Lisbon and the port of Leixoes near Porto in Portugal. The ports and container terminals have been expanded and modernized and their capacity has increased. The cranes are used for moving shipping containers at the container terminals.

Finnvera granted a EUR 26 million buyer credit guarantee with a 95% guarantee cover to Yilport Holdings A.S., the parent company of the buyer group. The repayment period of the credit is 8.5 years.

The environmental and social impacts and risks were estimated to be at a medium level in the investments to which the deliveries relate. The environmental permits and the completion of the statutory environmental impact assessment procedures were reviewed, but no extensive assessment was carried out at Finnvera, as the deliveries are destinated to EU countries.

Name of the Guarantee Holder: ING Bank N.V.
Name of the Arranger: ING Bank N.V. (“Arranger”)
Name of the Exporter: Konecranes Finland Corporation
Name of the Lender: ING Bank N.V.
Name of the Borrower: Yilport Holdings A.S. (“Borrower”)
Name of the Buyer: YILPORT Gävle AB, a company incorporated in Sweden; TCL – Terminal de Contentores de Leixoes S.A., a company incorporated in Portugal; and  Liscont - Operadores de Contentores S.A., a company incorporated in Portugal, each a subsidiary of the Borrower (“Buyers”)
Name of the Guarantor: Yapi Ve Kredi Bankasi A.S. (“Guarantor”)
Project/Export transaction/Goods: 18 Rubber tyred gantry cranes (RTGs) with automation systems
Country of Export transaction/project: 3 locations (1 in Sweden, two in Portugal)
Total amount of debt financing: EUR 26.2 million
Credit amount: EUR 26.2 million 
Credit period: 8.5 years
Credit amount covered by Finnvera: EUR 26.2 million
Percentage of cover: 95%
Environmental and social classification: B
Date of publish: 11 June 2021