Celestyal has announced the successful completion of a major refinancing initiative, replacing the original acquisition financing for its vessels with a more efficient financial model.
This milestone marks a significant step in Celestyal's growth plans, substantially reducing the company's cost of capital and providing greater flexibility to reinvest in its fleet, product, and business operations.
Marios Theodosiou, Chief Financial Officer of Celestyal, stated: “This refinancing represents strong support for the progress we have made in driving and delivering Celestyal’s ambitious development strategy. From a complete fleet renewal and more sustainable operations, to expanding our commercial footprint, launching year-round operations, and scheduling our itineraries earlier than ever before, we have demonstrated our ability to transform at breakneck speed.”
“It also reflects growing confidence in Celestyal’s long-term business model, supported by improved profitability, greater financial strength and consistent operational execution.”
“We are ideally positioned to continue fulfilling our strategic ambitions, with a solid financial foundation that includes diversification of source markets and expansion into new regions, thus accelerating the next phase of our growth.”
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