DVB Bank AG, the Frankfurt-based bank, which specialises in transport finance, has arranged a USD 225 million debt facility for Silversea Cruise Holdings, Ltd ("Silversea"), the leading luxury cruise operator. Together with an equity issue to its major shareholder, Silversea has entered into USD 225 million of new seven year debt facilities, which were arranged by DVB Bank, to refinance all of its existing indebtedness. Part of the new facility is available on a revolving basis to support the Company's future growth and expansion. Commenting on this transaction, Mr. Albert Peter, Chief Executive of Silversea, said: "I am delighted to have put in place long term financing for the group that will enable us to continue to invest for the benefit of our brand and our customers. The commitment and determination of DVB has brought about the successful closure of a challenging and complex transaction." Richard Jansen, Vice President - Head of Cruise Finance Unit of DVB and responsible for this transaction added: "DVB Bank is committed to cruise ship finance. This is the fourth financing we have arranged in this sector this year. We consider the cruise industry as a growth industry and we are delighted to have concluded this important deal for Silversea."