Chile’s CSAV Arranges $90 Million 12-Year Loan From DVB Bank

Cia. Sud Americana de Vapores SA, Chile’s biggest container shipping company, arranged a $90 million 12-year loan from DVB Bank SE (DVB), a Frankfurt-based lender specializing in transport finance.

The company will use the funds to purchase the last two ships of seven container vessels it ordered from Samsung Heavy Industries Co., Vapores said today in an e-mailed statement.

To contact the reporter on this story: Sebastian Boyd in Santiago at sboyd9@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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