Law firm Stephenson Harwood (Singapore) Alliance has advised ABN AMRO Bank, in its role as agent, on an approximately US$200 million senior secured multi-currency revolving and term loan to the Peacock Container Group (Peacock). The syndicate of lenders comprised of ABN AMRO Bank, ING Bank and TIAA, FSB.

The loan was used to refinance Peacock's existing senior debt facilities and the interim financing that was put in place for the acquisition of the assets of GEM Containers in May 2021, on which Stephenson Harwood (Singapore) Alliance also advised. The facility agreement comprised senior term loans, which will strengthen the refinancing of Peacock’s current fleet, as well as revolving credit facilities, which will provide flexibility to support Peacock’s expansion plans.

Peacock is an ISO tank container leasing company, headquartered in Singapore and the Netherlands, which owns and operates a fleet of tank containers with capacities between 13,000 and 35,000 litres.

The Stephenson Harwood (Singapore) Alliance team was led by partner Gregory Xu, who was supported by partner Jason Yang, associates Angeline Yap and Gary Leow, and paralegals Kai Wei Yeo and Sylvia Lisa.