Finance
Debt financing - lender's work
Advising major Greek bank in relation to a US$18,6 million secured term loan facility extended to a NYSE listed company for the purposes of refinancing existing indebtedness over a vessel and providing the Group with liquidity for capital working purposes.
Acting in relation to a US$60,000,000 secured loan facility provided to a NYSE listed company for the purposes of refinancing existing indebtedness over eight LPG vessels and for working capital purposes.
Advising major European bank in relation to a US$20,000,000 revolving credit facility to a NYSE listed company for the purposes of refinancing certain existing indebtedness and for capital working purposes.
Advising a Greek bank in relation to a US$44 million secured term loan facility extended to a Greek shipping Group for the purposes of refinancing existing indebtedness and financing part of the acquisition cost of a second-hand vessel.
Acting for a Norwegian bank in connection with a US$60 million secured loan agreement provided to a high profile shipping Group based in London for the purposes of refinancing certain existing indebtedness and for financing part of the acquisition of two second-hand vessels.
Debt financing - owner's work
Acting for and advising major Greek ship-owning group in connection with a US$84,125,000 secured loan agreement for the purposes of refinancing existing indebtedness and for financing part of the acquisition cost of two second-hand vessels.
Assignments of loan facilities
Acting for Dutch bank, as assignee bank, in connection with the assignment of certain secured term loan facilities of an aggregate amount of US$103,200,000 and transfer of related security documents, that formed part of major European bank's portfolio of ship loans with relevant shipping groups.
LIBOR transition
Advising an international financial institution (and others for same context) in transitioning its shipping portfolios (equal to $130,000,000) to SOFR as a result of the discontinuation of LIBOR.
Ships
Advising leading financial institutions on debt and equity financing for all types of vessels.
Sale and purchase of vessels
Acting for buyers and sellers in multimillion S&P transactions and assisting other SH offices in closing meetings.
Newbuilding – Post delivery financing
Advising major French bank in relation to a US$20,000,000 secured loan agreement for the purpose of financing part of the acquisition cost of a new-building bulk carrier.