Contact details

Elton Chan

T: +852 2533 2726 M: +852 9350 9218 Email Elton | Vcard Office: Hong Kong

Awards

Asset finance

Asset finance

Elton Chan Partner

Contact details

Elton Chan

Elton Chan
Partner

T: +852 2533 2726 M: +852 9350 9218 Email Elton | Vcard Office: Hong Kong

Elton is an expert in shipping finance (debt, finance lease and operating lease), real estate (development and investment) and general structured finance (syndicated loans, margin lending, repo transactions, acquisition finance and other structured finance) who is responsive, practical and hands-on.
  • Profile
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Elton has experience in acting for both lenders and borrowers on a wide range of corporate lending matters, including secured and unsecured syndicated lending, cross-border acquisition finance, securities-backed margin financing and repo transactions and real estate financing with complex investor structures.

In the shipping sector, Elton has acted for a variety of institutions covering a broad range of matters. These include acting for shipowners and financiers in negotiating and reviewing shipbuilding contracts and refund guarantees. He has also advised shipowners, commercial lenders, leasing companies and institutional investors on all aspects of ship finance transactions, including conventional debt financing, finance and operating leasing as well as distressed asset sale and investments.

Elton also regularly delivers training sessions to shipowners, corporations and a range of financial institutions covering a range of banking and finance matters.

  • Ship and offshore finance
  • Real estate finance
  • Finance

Advised a Chinese leasing company in the US$317.9 million syndicated refinancing involving five 11,000 TEU containerships acquired from a New York-listed shipping conglomerate as part of a sale and leaseback transaction. These vessels have since been delivered and sub-bareboat-chartered to a world leader in global container shipping. This transaction won the 2017 Marine Money Deal of the Year in the Export Credit Agency – East category.

Advising a Chinese leasing company on its US$160 million sale and leaseback of three 2,255LM ropax vessels with one of the world's largest car carrier operators.

Advised a Chinese leasing company in its US$473 million post-delivery finance leasing of eight 261,000 DWT very large ore carriers for Fortescue Metals Group, the largest direct funding arrangement provided by a major Chinese financier for an Australian mining conglomerate.

Advised a club of lenders on a US$190 million term loan facility to special purpose vehicles indirectly owned by a Chinese leasing company for the purpose of refinancing the borrowers' acquisition costs in setting up the sale and leaseback of two 16,000 TEU containerships.

Advised a Hong Kong listed real estate developer on the CAD$78 million secured term loan facility arranged by United Overseas Bank Limited in relation to the acquisition and development of a mixed residential and commercial real estate development project in Vancouver, Canada.

Advised a Hong Kong listed real estate developer on its HK$3,110 million term loan facility, arranged by a syndicate of commercial lenders for the purpose of refinancing and land premium and construction costs of the development of the property in Sha Tin, a district in Hong Kong.

Advising a leading Hong Kong bank and five other local and international banks on a HK$1,914 million secured term loan facility provided to a joint venture vehicle involving two major Hong Kong real estate developers to finance the development of a major Hong Kong residential project.

Advised a Singapore-listed company in its US$120,000,000 secured structured club loan facility to a wholly-owned subsidiary of a Hong Kong-listed conglomerate.

Advised a Hong Kong-listed conglomerate on the its issuance of US$40 million guaranteed notes and convertible bonds which were arranged and subscribed by the investment banking arm of a major PRC commercial bank.

Advised an affiliate of a major Hong Kong privately-held conglomerate on its seller's credit and subsequent exit refinancing in relation to its HK$6,000 million sale of equity interests in the holding companies of certain PRC real properties.

More: Finance

  • Real estate investors and developers
  • Banks and banking
  • Shipping

Advised a Hong Kong listed real estate developer on the CAD$78 million secured term loan facility arranged by United Overseas Bank Limited in relation to the acquisition and development of a mixed residential and commercial real estate development project in Vancouver, Canada.

Advised a Hong Kong listed real estate developer on its HK$3,110 million term loan facility, arranged by a syndicate of commercial lenders for the purpose of refinancing and land premium and construction costs of the development of the property in Sha Tin, a district in Hong Kong.

Advising a leading Hong Kong bank and five other local and international banks on a HK$1,914 million secured term loan facility provided to a joint venture vehicle involving two major Hong Kong real estate developers to finance the development of a major Hong Kong residential project.

Advised a Singapore-listed company in its US$120,000,000 secured structured club loan facility to a wholly-owned subsidiary of a Hong Kong-listed conglomerate.

Advised a Hong Kong-listed conglomerate on the its issuance of US$40 million guaranteed notes and convertible bonds which were arranged and subscribed by the investment banking arm of a major PRC commercial bank.

Advised an affiliate of a major Hong Kong privately-held conglomerate on its seller's credit and subsequent exit refinancing in relation to its HK$6,000 million sale of equity interests in the holding companies of certain PRC real properties.

More: Banks and Banking

Advised a Chinese leasing company in the US$317.9 million syndicated refinancing involving five 11,000 TEU containerships acquired from a New York-listed shipping conglomerate as part of a sale and leaseback transaction. These vessels have since been delivered and sub-bareboat-chartered to a world leader in global container shipping. This transaction won the 2017 Marine Money Deal of the Year in the Export Credit Agency – East category.

Advising a Chinese leasing company on its US$160 million sale and leaseback of three 2,255LM ropax vessels with one of the world's largest car carrier operators.

Advised a Chinese leasing company in its US$473 million post-delivery finance leasing of eight 261,000 DWT very large ore carriers for Fortescue Metals Group, the largest direct funding arrangement provided by a major Chinese financier for an Australian mining conglomerate.

Advised a club of lenders on a US$190 million term loan facility to special purpose vehicles indirectly owned by a Chinese leasing company for the purpose of refinancing the borrowers' acquisition costs in setting up the sale and leaseback of two 16,000 TEU containerships.

More: Shipping

Awards

Asset finance

Asset finance

Latest news & insights

25 Jul 2018

From News

Stephenson Harwood team publishes fourth edition of leading shipping finance text

Shipping finance experts from law firm Stephenson Harwood have published the fourth edition of the leading industry text, Shipping Finance: A Practical Handbook.

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27 Apr 2017

From News

Stephenson Harwood promotes four to partnership

Law firm Stephenson Harwood LLP has promoted three lawyers to partner and one lawyer to local partner, effective 1 May 2017.

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© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.