Crystal Finalizes Financing for Two Ships

Credit: Crystal Cruises

(Press Release) Monaco – July 1, 2025 – Crystal, the leader in exceptional cruise experiences, today announced the successful finalization of a SACE-backed ECA financing facility for its first two state-of-the-art high-end cruise ships, marking a significant milestone in the company's fleet expansion program.

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"Securing this financing represents a decisive step forward in Crystal's expansion and demonstrates the strong market confidence in our strategy," said Manfredi Lefebvre d'Ovidio, Executive Chairman of A&K Travel Group, Crystal's parent company. "We are grateful for the trust placed in us by our banking partners, led by Citibank, N.A. London Branch, along with Banco Santander, S.A., CaixaBank, S.A., UK Branch, Cassa Depositi e Prestiti S.p.A., Credit Agricole Corporate and Investment Bank, Banca Monte Dei Paschi Di Siena S.p.a., and Bper Banca S.p.A. This consortium's backing validates our position in the ultra-luxury cruise segment."
 
Cristina Levis, AKTG CEO, emphasized "The SACE-backed ECA financing was made possible through the dedicated support of key Italian financial institutions. We extend our deep gratitude to the Italian Export Credit Agency SACE, under the leadership of CEO Alessandra Ricci and team leader Mariano Di Biagio, for their strategic partnership."
 
The company also acknowledges the essential contributions of Cassa Depositi e Prestiti, and of Simest in structuring this comprehensive financing package. The two vessels, each boasting a gross tonnage of 61,800 tons and accommodating approximately 650 passengers, represent the next generation of luxury cruising. Developed by renowned international architectural firms, the ships will feature all-suite accommodations with private verandas, including popular single occupancy categories designed for solo travelers, complemented by one of the highest crew-to-passenger ratios in the luxury cruise segment.
 
Thanks to the longstanding commitment of Fincantieri and the three-decade relationship between the Italian shipyard and the Lefebvre family, construction has continued as planned. The first ship is expected to be delivered in May 2028, with the second vessel following the established timeline. This financing milestone reinforces Crystal's position as a leader in luxury cruising and demonstrates the strong confidence of the international financial community in the company's future growth and market position.
 
Crystal has been advised by Clifford Chance, while Norton Rose Fulbright acted for both the lenders and SACE.
 
To view the ship rendering, click here. To view the press kit, click here.