Direct Finance Group News

AIG Commercial Asset Finance (AIGCAF) and its affiliates have provided a $400 million loan for vessels owned and operated by Nautical Solutions, LLC, which is an operating unit of Edison Chouest Offshore (Chouest). Proceeds from the loan were used to refinance existing notes and to provide for the construction of new vessels. Kirk Phillips, Senior Vice President of the Direct Finance Group at AIGCAF, said that due to AIG’s extensive experience in offshore marine and energy lending, AIGCAF was able to creatively and quickly meet Nautical Solutions’ needs.