• Home
  • News
  • Stephenson Harwood advises Team Tankers on US$220 million financing

05 Apr 2018

Stephenson Harwood advises Team Tankers on US$220 million financing


Law firm Stephenson Harwood LLP has advised shipping company Team Tankers International Ltd on a US$220 million senior secured credit facility.

The facility will enable Team Tankers, a leading chemical and clean petroleum product tanker owner/operator, to acquire Anglo-Atlantic Steamship Company Ltd and Laurin Shipping AB. The facility will also be used to retire all existing indebtedness of both Team Tankers and Anglo-Atlantic. The facility will consist of a US$200 million term loan and a US$20 million revolver.  ABN AMRO was appointed as sole bookrunner and facility agent. Upon completion of the transactions, Team Tankers will grow its fleet from 37 to 52 vessels.

“These strategic acquisitions mark a further step in the consolidation of the chemical tanker industry,” said Ian Mace, partner, Stephenson Harwood. “We were very pleased to have been involved in this move by Team Tankers, and look forward to working with Team Tankers as it continues to expand in this market.”

Kevin Kilcullen, CFO of Team Tankers, said: "The simultaneous acquisitions and financing created a very complex transaction. We appreciate the expert advice and assistance of Ian and his team at Stephenson Harwood."

The Stephenson Harwood team was led by partner and head of ship finance Ian Mace, who was assisted by finance associate Shaun Park, with assistance from finance partner George Vaughton from a derivatives perspective and corporate senior associate Kate Worthington from a tax perspective.



Ian Mace

Ian Mace
Global head of ship finance

T:  +44 20 7809 2653 M:  +44 7827 353 109 Email Ian | Vcard Office:  London


Andrew Rieley
Head of communications & PR
T: +44 20 7809 2886
Email Andrew