Ship and offshore finance
Advising on ship finance transactions with numerous jurisdictions.
German bank
Advising a German bank in its capacity as lender, agent, arranger and security agent in respect of a supplemental agreement to a US$22 million loan agreement incorporating an additional tranche to provide for financing of an additional vessel owned by an additional owner and secured by, inter alia, a mortgage over a Marshall Islands flagged vessel, four mortgage amendments, an amendment to a first priority account pledge over the retention account and an amendment to a first priority account pledge over the minimum liquidity account, both governed by German law.
Swiss bank
Acting for a Swiss bank in connection with a second priority mortgage release upon repayment of the loan, an amendment to the underlying loan agreement and a release of the loan agreement and the security documentation under the initial agreement governed by German law. The transaction involved coordinating with Maltese, Turkish and German correspondent lawyers.
UK bank
Acting for a UK bank in connection with a US$5.5 million loan agreement and two supplemental agreements for the same shipping group secured by, inter alia, a consolidated account pledge over the minimum liquidity account.
Panamanian shipping group and a German bank
Liaising between a Panamanian shipping group, as borrower, and a German bank, as lender, as to conduct due diligence checks and provide subsequent confirmation in regards to the change of shareholding in the collateral owner and thus proceed with dating the second effective date confirmation notice.
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