Marine
US$1 Billion of financing
Advising a joint venture between a well known Singapore based ship owner and a Hong Kong based private equity on commercial bank and ECA financing facilities of up to US$1 billion used to finance or refinance 30 Tanker vessels.
International Swiss bank
Advising an international Swiss bank in respect of a US$158 million facility made available for the financing of up to eight vessels, a combination of LPG and chemical tankers, each on long term bareboat charters.
DNB Bank
Advising DNB Bank on a US$600 million syndicated pre and post-delivery financing to Hyundai Merchant Marine for the acquisition of five mega container vessels including drafting and agreeing senior loan terms, junior loan terms / subordinated loan terms, all related security documentation and all inter-creditor agreements.
The Export-Import Bank of Korea
Advising KEXIM on a US$86 million financing to subsidiaries of a Korean shipping company to part refinance four Supramax vessels.
DVB Group Merchant Bank (Asia) Ltd
Advising DVB on a US$90 million debt financing to a Singapore based container ship operator for the refinance of six container ships and forming part of a larger private equity transaction led by a well-known US based investment bank.
Nordea Bank
Advising Nordea Bank on a US$325 million syndicated pre and post-delivery financing for the acquisition and refinancing of six VLCCs, including drafting and agreeing senior loan terms and all related security documentation.
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Marine
Offshore
Fleet financing
Advising a club of banks on various syndicated financings related to a fleet of offshore support vessels owned by a Singapore subsidiary of a Norwegian listed company.
Derrick Lay barge
Advising a syndicate of international banks on pre and post-delivery financing of a Derrick Lay Barge.
Conversion financing
Acting for a New York based equity fund in respect of the modification and conversion of an offshore barge and the financing raised to fund the same.
ICON Investments
Advising ICON Investments on a US$153 million leveraged sale and leaseback of three pipe laying construction barges involving Leighton Holdings.
Singapore branch of a Dutch merchant bank
Advising the Singapore branch of a Dutch merchant bank on a US$80 million financing for the acquisition of four offshore supply vessels by the Singapore subsidiary of an Indian trading company.
ICON Investments
Advising Icon Investments on a sale and leaseback involving DVB Group Merchant Bank (Asia) Ltd as senior lender for Pacific Radiance's vessel, "Crest Olympus".
Singapore branch of a German bank
Advising the Singapore branch of a German bank on proposed US$16 million project financing of a seismic survey vessel operating in the North Sea.
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Offshore
Banks and banking
Loan portfolio transfer
Acting as lead counsel to an international bank in connection with the sale and transfer of its loan portfolio to a merchant bank including the transfer of all loan participations and commitments, securities and the replacement of agency and security agency functions.
The Export-Import Bank of Korea
Advising KEXIM on a US$86 million financing to subsidiaries of a Korean shipping company to part refinance four Supramax vessels.
US$1 Billion of financing
Advising a joint venture between a well know Singapore based ship owner and a Hong Kong based private equity on commercial bank and ECA financing facilities of up to US$1 billion used to finance or refinance 30 Tanker vessels.
DNB Bank
Advising DNB Bank on a US$600 million syndicated pre and post-delivery financing to Hyundai Merchant Marine for the acquisition of five mega container vessels including drafting and agreeing senior loan terms, junior loan terms / subordinated loan terms, all related security documentation and all inter-creditor agreements.
Nordea Bank
Advising Nordea Bank on a US$325 million syndicated pre and post-delivery financing for the acquisition and refinancing of six VLCCs, including drafting and agreeing senior loan terms and all related security documentation.
International Swiss bank
Advising an international Swiss bank in respect of a US$158 million facility made available for the financing of up to eight vessels, a combination of LPG and chemical tankers, each on long term bareboat charters.
ING Bank N.V., Singapore Branch
Advising ING Bank N.V., Singapore Branch on a pre and post-delivery US$344 million syndicated multi-tranche K-sure backed facility to 3 subsidiaries of a joint venture. This was between a Singapore-based owner and a US-listed owner for the purchase of three mega containerships under construction at a Korean yard.
Syndicate of banks
Advising a syndicate of banks on the restructuring of a US$256 million loan facility to subsidiaries of a Korean shipping company in connection with a private equity fund's purchase of the shipping company's bulk business to a new joint venture company.
DVB Group Merchant Bank (Asia) Ltd
Advising DVB on a US$90 million debt financing to a Singapore based container ship operator for the refinance of six container ships and forming part of a larger private equity transaction led by a well-known US based investment bank.
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Banks and banking