Financing, leasing and ECA facilities
Acting for major international financial institutions and banks on syndicated and bilateral loan facilities (including ECA facilities) for the financing of vessels of all types, sale and lease-back facilities, restructurings, work-outs, IPOs, intrecreditor and subordinations arrangements, accession deeds, financing and sale and purchase of second-hand vessels and financing of newbuildings.
Acting for Dutch bank in its capacity as agent, lender and security agent on a K-sure backed loan facility for the acquisition of a bulk carrier vessel to be registered in the ownership of a Marshall Islands corporation with a major Greek shipping group, including complex K-sure arrangements and negotiations in relation to the loan facility exposure and detailed negotiation with both the borrower, its Korean counsel and the K-sure agent and K-sure Korean counsel.
Advising German bank in relation to a syndicated loan facility where the security was granted in favour of all three lenders, rather than a security agent, including acting for the agent in connection with the assignment of the lenders' security as a result of the sale of that lender's participation to another lender. The work included supplementing the facility to reflect the change in the shareholding structure of the borrower and its joint venture structure and entailed major restructuring of the facility and the granting of new security.
Secured loan facility
Acting for a German bank in relation to a syndicated facility for the refinancing of a bulk-carrier vessel registered in the ownership of a Turkish borrower forming part of a major Turkish conglomerate active in shipping and shipbuilding, including advising on a security structure involving Turkish, Marshall Islands and Maltese corporate guarantors, personal guarantees, shares pledges, and mortgages. The deal included interesting questions regarding the concept of "trust" structures and "parallel debt" principles and priority issues.
Financing and leasing
Advising banks and aircraft lessors on the financing and operation of corporate jets.
Financing of commercial jet
Advising Greek bank in the context of financing of corporate jet registered with the Hellenic Aircraft Registry.
Leasing of corporate jet and financing
Acting for Greek bank in the case of a business jet being leased out to an operator and deregistering aircraft from Hellenic Registry and registering it with the UK Registry.
Leasing of business jet
Advising aircraft owner / lessor in the context of change of operator of business jet and advising owner on the loan and security documentation prepared by bank's lawyers.