Ship and offshore finance
Acting for a syndicate of banks on a US$1.2 billion multi-tranche syndicated K-Sure backed loan facility for the partial financing of 7 x 15,400 TEU container ships and 5 x 18,800 TEU container ships, to be made available to wholly-owned subsidiaries of United Arab Shipping Company.
Acting for CEXIM on a US$1 billion post-delivery loan to ICBC Leasing for acquisition of 51 vessels to be bareboat chartered to Bourbon Offshore Group.
Acting on three ECA secured and unsecured loan facilities to AP Moller-Maersk in respect of pre and post-delivery finance for a number of container and product tanker vessels under construction in China.
Advised major creditors on the consensual restructuring of Torm A/S including putting in place a Master Override Agreement as part of the restructuring solution. This restructuring was one of 2012's leading shipping restructuring cases.
Acted as lead advisor to HSH Nordbank in the US$240 million case in relation to claims against Omega for their default under a syndicated loan. This Chapter 11 litigation was one of 2011's leading shipping cases.
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