Credit Agricole Corporate and Investment Bank (CACIB) and Italy’s export credit agency SACE are behind a big new loan to build an NCL cruiseship in Italy.

A syndicate led by CACIB will provide up to $498m towards construction of a 754-passenger vessel at Fincantieri in Italy, law firm Watson Farley & Williams (WFW) said.

The EUR 422m ($481m) order for NCL’s Regent Seven Seas brand was placed in March.

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