Loewe Marine doubles credit lines, strengthens equity capital and reduces financing costs
LOEWE MARINE is a competent partner in the fields of new shipbuilding, conversion and repair, advising customers on system design, construction supervision and acceptance testing for shipbuilding structures and supply systems. Its services cover merchant ship, mega yacht and special shipbuilding, as well as some offshore projects. Due to expansion into Asia and the steadily increasing number and size of projects in the plant sector, capital requirements rose sharply.
This continuously strong growth made it necessary to restructure the cooperation with banking partners. Loewe Marine's managing director, Carsten Löhmer, therefore commissioned ERA Group to analyse and optimise the area of corporate finance and banking. The project was carried out by finance experts Christian Leege and Burkhard Straub.
As a first step, ERA Group drew up a business plan for the next two years. The aim was to structure the financing requirements and list existing orders with detailed cash flow planning. Based on the business plan, discussions were held with new and existing banking partners and investment companies. In this context, the risk assessments by the banks were also aligned accordingly.
The result: after consultations with LOEWE MARINE, the equity capital was initially strengthened, which led to an additional bank being secured with new credit lines. In addition, a local investment company expressed interest in providing long-term equity capital for Loewe Marine.
This new financing structure, consisting of higher equity capital, new investment capital and additional credit lines, enables Loewe Marineto look forward to a secure future with additional sales growth. In addition, the cost structure of the overall financing was significantly reduced.
"Without the expertise of ERA Group, we would not have achieved this result – doubling our credit lines while reducing costs and thus stabilising my company for the future." [Carsten Löhmer, Managing Director, LOEWE MARINE]
Breakdown of results
20%
Annual savings
