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12 Jul 2023

Stephenson Harwood (Singapore) Alliance advises on award-winning sustainable infrastructure deal


Stephenson Harwood (Singapore) Alliance has advised on a sustainable infrastructure deal – relating to Peacock Container Group's (Peacock) US$240 million sustainability-linked loan (SLL) – which has won the 'Transport Deal of the Year' award at The Asset Triple A Sustainable Infrastructure Awards 2023.

The firm advised a syndicate of lenders – comprising ABN AMRO Bank, ING Bank, TIAA FSB, Clifford Capital, and new joiners KeyBank and CIC – on increasing and extending Peacock's existing SLL. The work involved increasing Peacock's debt facility by c. 40%, as well as strengthening the lending group with two new lenders. These enhancements will enable Peacock to implement its strategic growth plans in the coming years, and this deal marked an important development in the company's sustainability journey.

Peacock is an ISO tank container leasing company, which owns and operates a fleet of more than 20,000 tank containers with capacities between 13,000 and 35,000 litres. It has operations in Rotterdam, Singapore, and Shanghai.

The Stephenson Harwood (Singapore) Alliance team was led by banking and finance partner Gregory Xu, who was supported by Virtus Law partner Jason Yang, associate Angeline Yap, and paralegal Sylvia Lisa.



Dr Gregory Xu

Dr Gregory Xu
Partner and Commissioner for Oaths

T:  +65 6622 9670 M:  +65 9233 2159 Email Dr Gregory Xu | Vcard Office:  Singapore

Jason Yang

Jason Yang
Partner at Virtus Law

T:  +65 6835 8673 M:  +65 9852 1277 Email Jason | Vcard Office:  Singapore

Angeline Yap

Angeline Yap
Senior associate at Virtus Law

T:  +65 6602 6609 M:  +65 8569 1780 Email Angeline | Vcard Office:  Singapore


Rose Charteris

Senior communications & PR executive

T: +44 20 7809 2961 
Email Rose