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07 Dec 2022

Stephenson Harwood (Singapore) Alliance advises on Peacock Container Group's sustainability-linked loan

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Stephenson Harwood (Singapore) Alliance has 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 Container Group's (Peacock) existing sustainability-linked loan (SLL).

The deal involves increasing Peacock's debt facility by c. 40% – which equates to c. US$90 million – and extending it for a year, as well as strengthening the lending group with two new lenders, who have a track record in funding the intermodal transport sector. These enhancements will enable Peacock to implement its strategic growth plans in the coming years.

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.

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KEY CONTACT

Dr Gregory Xu

Dr Gregory Xu
Partner

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

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