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03 Jul 2024

Stephenson Harwood advises Sumitomo Mitsui Banking Corporation on JOLCO Financing

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Stephenson Harwood has advised Sumitomo Mitsui Banking Corporation as debt arranger in the completion of a Japanese Operating Lease with Call Option (JOLCO).

The JOLCO is for the financing of a container ship vessel involving Sumitomo Mitsui Finance and Leasing Company, Limited as equity underwriter, and NYSE-listed SFL Corporation Ltd, one of the world's largest ship owning companies.

The Stephenson Harwood team was led by partner Shaun Park, who was supported by associate Silvia Bota.

JOLCO structures, known for their complexity and strategic advantages, offer tax efficiency and financing flexibility to ship owners and operators. The firm's involvement in this project underscores the depth of the team's expertise in JOLCO transactions and its position as a market leader within the legal maritime sector.

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KEY CONTACT

Shaun Park

Shaun Park
Partner

T:  +44 20 7809 2541 M:  Email Shaun | Vcard Office:  London

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Sarah Owen

Senior communications & PR executive

T: +44 20 7809 2874 
Email Sarah

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