BankBoston Provides $100 Million Senior Credit Facility to Sea Containers.BOSTON--(BUSINESS WIRE)--April 30, 1999-- --Transportation continues to be Leading Specialized Industry for the Corporation-- BankBoston today announced that it has provided a $100 million senior credit facility to Sea Containers Ltd Sea Containers Ltd. is a Bermuda-registered company which operates two main business areas: transport and container leasing. In March 2006 the company sold its share of Orient-Express Hotels Ltd. . (NYSE NYSE See: New York Stock Exchange : SCRA SCRA South Carolina Research Authority SCRA Sprint Car Racing Association SCRA Servicemembers Civil Relief Act of 2003 SCRA Securities Contract Regulation Act (Indian law) SCRA Scottish Countryside Rangers Association ). Headquartered in Hamilton, Bermuda, Sea Containers (SCL (1) (Switch-to-Computer Link) Refers to applications that integrate the computer through the PBX. See switch-to-computer. (2) A file extension used for ColoRIX bitmapped graphics file format (640x400 256 colors). (language) SCL - 1. ) is a passenger transport operator, hotel operator and lessor of marine containers. Sea Containers recently acquired 51 percent of the common and voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. of Neptun Maritime Oyj's. The funds provided by BankBoston will finance this transaction. Neptun, a publicly-raded Finnish company with 1998 revenues of $648 million, operates a fleet of passenger and cargo ferry ships in the Baltic Sea between Finland, Sweden, Germany and Estonia through its primary subsidiary Silja Line ("Silja"). Neptun also operates Hotel Ariadne in Stockhlom and charters out three cruise vessels. "Transportation is an extremely important business in our Wholesale Bank," said Richard Hawkins, division executive, Transportation. "Sea Containers' diversified business fits well with our portfolio and we're pleased with our longstanding strategic partnership with them." "Once again, BankBoston has impressed us with their quick turnaround of our credit request and industry knowledge," said Nick Novasic, vice president of Funding, North America, for Sea Containers, Ltd. BankBoston (NYSE: BKB BKB Basler Kantonalbank (Switzerland) BKB Black King Bar (gaming weapon) BKB BV Kwaliteitsverklaringen Bouw (Dutch) BKB BankBoston Corporation ), with assets of $75.7 billion and some 25,000 employees, is the nation's oldest commercial bank and New England's only global bank. BankBoston is engaged in consumer and business banking in New England; delivering sophisticated financial solutions to corporations and governments nationally and internationally; and full-service banking in leading Latin American markets. The Corporation's common stock is listed on the New York and Boston stock exchanges. |
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