The Chilean liner company confirmed that it has secured a $347m loan facility from a consortium of six banks.
The banks included The Export-Import Bank of Korea, Korea Exchange Bank, Korea Development Bank , Banco Santander-Chile, Citibank and Deutsche Bank.
It said the agreement would help it finance seven 9,300-teu containerships on order at Samsung heavy Industries for delivery from the end of 2014.
The vessels will be financed 60% by the bank loan with the remaining 40% coming from the $330m capital increase carried out last month.
"This is a very positive step that enables us to advance in increasing our own fleet, while showing the confidence of the financial market in the development and investment plan being implemented by the company," said CSAV chief executive Oscar Hasbun.
In April, CSAV said it wanted to raise $500m via a share offering to boost the company's fleet, repay debt and advance development plans.
But with a falling share price and weakening Chilean peso, the Santiago-based shipowner fell short of that target and has been forced to turn to the banks.
