Contact details

Jon Cripps

T: +44 20 7809 2992 M: +44 7824 988383 Email Jon | vCard Office: London

Awards

Transport financing & leasing (Previously Asset finance & leasing)

Transport financing & leasing (Previously Asset finance & leasing)

Transport finance and leasing

Transport finance and leasing

Jon Cripps Partner

Contact details

Jon Cripps

Jon Cripps
Partner

T: +44 20 7809 2992 M: +44 7824 988383 Email Jon | vCard Office: London

Jon is a partner in the finance group, specialising in ship and aviation finance.
  • Profile
  • Services
  • Sectors
Jon’s practice area covers the financing and leasing of ships, aircraft and other assets within the transportation and asset finance sectors, including ECA-backed finance transactions, sale and purchase, leasing, joint ventures, shipbuilding/OEM contracts, secondary trade transactions, restructuring and enforcement. He has significant experience in acting for financial institutions, lessors, owners, operators and other investors on a broad range of national and cross-border transactions.
  • Shipping
  • Ship and offshore finance
  • Aviation finance

Container ship portfolio financing program

Acting for the financing banks with respect to a portfolio financing program of up to $2 billion made available to container ship owner to refinance approximately 40 vessels. The financing program provided for a common collateral pool to secure bank financing as well as private placement notes.

Private equity vessel financing JV

Acting for a private equity backed joint venture in connection with a financing from a large investment bank. The joint venture fund was established for the purpose of financing vessels and purchasing vessels to be leased to vessel operators.

ECA-backed financing of six VLECs

Acting for the coordinators on an ECA supported secured financing of six state-of-the-art very large ethane carriers to be used in an ethane import project.

Rig owner restructuring

Acting for an ad hoc group of lenders holding approximately US$3 billion outstanding debt in the restructuring of a leading international offshore drilling services contractor, and the subsequent exit financing.

ECA-backed LNG carrier and FSRU financing

Acting for the syndicate of lenders on a US$1.125 billion financing and delivery of eight LNG carriers / FSRUs. The financing included ECA support from KEXIM and K-Sure.

Vessel owning joint venture

Advising an energy company in connection with the establishment of a joint venture with a shipping company for the purposes of investing in shipping assets.

LNG carrier financings

Acting for the finance parties on numerous financings (some of which included ECA support) and deliveries of new build LNG carriers for a major LNG carrier owner.

Drilling rig financing

Advising the lenders on an ECA backed financing for two tender rigs and two jack-up rigs built at Chinese shipyards.

Offshore support vessel fleet financing

Acting for the owner in the financing of its fleet of offshore support vessels, which included more than 100 vessels mortgages.

More: Shipping

Container ship portfolio financing program

Acting for the financing banks with respect to a portfolio financing program of up to $2 billion made available to container ship owner to refinance approximately 40 vessels. The financing program provided for a common collateral pool to secure bank financing as well as private placement notes.

Private equity vessel financing JV

Acting for a private equity backed joint venture in connection with a financing from a large investment bank. The joint venture fund was established for the purpose of financing vessels and purchasing vessels to be leased to vessel operators.

ECA-backed financing of six VLECs

Acting for the coordinators on an ECA supported secured financing of six state-of-the-art very large ethane carriers to be used in an ethane import project.

Rig owner restructuring

Acting for an ad hoc group of lenders holding approximately US$3 billion outstanding debt in the restructuring of a leading international offshore drilling services contractor, and the subsequent exit financing.

ECA-backed LNG carrier financing

Acting for the syndicate of lenders on a US$1.125 billion financing and delivery of eight LNG carriers / FSRUs. The financing included ECA support from KEXIM and K-Sure.

Vessel owning joint venture

Advising an energy company in connection with the establishment of a joint venture with a shipping company for the purposes of investing in shipping assets.

LNG carrier financings

Acting for the finance parties on numerous financings (some of which included ECA support) and deliveries of new build LNG carriers for a major LNG carrier owner.

Drilling rig financing

Advising the lenders on an ECA backed financing for two tender rigs and two jack-up rigs built at Chinese shipyards.

Offshore support vessel fleet financing

Acting for the owner in the financing of its fleet of offshore support vessels, which included more than 100 vessels mortgages.

More: Ship and offshore finance

Major airline EETC

Acting for the equity investors on two EETC transactions for a major airline. The transactions incorporated Japanese tax-structured leases with call options, and each included a portfolio of narrowbody and widebody aircraft.

Purchase and leasing of 777s

Acting for the lessor on the purchase of a number of Boeing 777 aircraft, the leasing of such aircraft to a major airline, the financing of such aircraft and the shariah compliant equity investment associated with the transaction.

ABS incorporating Japanese operating leases

Acting for the equity arranger on a first-of-its-kind aircraft lease asset-backed securitization (ABS) transaction which was the first aircraft lease ABS to include “Japanese operating lease” structures.

Purchase and financing of a portfolio of aircraft

Advising the purchaser in relation to the acquisition of a portfolio of 21 commercial passenger jet aircraft, the associated equity investment and shareholder arrangements and a syndicated, senior secured term loan to finance the portfolio.

Financings for four new A350s

Acting for the mandated lead arrangers on the structured operating lease financings of four new Airbus A350-900 aircraft purchased by an aircraft lessor and leased to a major airline.

Aircraft portfolio financing

Acting for lenders on a financing for a private equity backed joint venture’s acquisition of a portfolio of 37 aircraft.

JOLCO transactions

Acting for equity arrangers and financing banks on a number of JOLCO transactions.

More: Aviation finance

  • Banks and banking
  • Aviation

Container ship portfolio financing program

Acting for the financing banks with respect to a portfolio financing program of up to $2 billion made available to container ship owner to refinance approximately 40 vessels. The financing program provided for a common collateral pool to secure bank financing as well as private placement notes.

ECA-backed financing of six VLECs

Acting for the coordinators on an ECA supported secured financing of six state-of-the-art very large ethane carriers to be used in an ethane import project.

ECA-backed LNG carrier financing

Acting for the syndicate of lenders on a US$1.125 billion financing and delivery of eight LNG carriers / FSRUs. The financing included ECA support from KEXIM and K-Sure.

LNG carrier financings

Acting for the finance parties on numerous financings (some of which included ECA support) and deliveries of new build LNG carriers for a major LNG carrier owner.

Drilling rig financing

Advising the lenders on an ECA backed financing for two tender rigs and two jack-up rigs built at Chinese shipyards.

Financings for four new A350s 

Acting for the mandated lead arrangers on the structured operating lease financings of four new Airbus A350-900 aircraft purchased by an aircraft lessor and leased to a major airline.

Aircraft portfolio financing

Acting for lenders on a financing for a private equity backed joint venture’s acquisition of a portfolio of 37 aircraft.

JOLCO transactions

Acting for financing banks on a number of JOLCO transactions.

Major airline EETC

Acting for the equity investors on two EETC transactions for a major airline. The transactions incorporated Japanese tax-structured leases with call options, and each included a portfolio of narrowbody and widebody aircraft.

Purchase and leasing of 777s

Acting for the lessor on the purchase of a number of Boeing 777 aircraft, the leasing of such aircraft to a major airline, the financing of such aircraft and the shariah compliant equity investment associated with the transaction.

ABS incorporating Japanese operating leases

Acting for the equity arranger on a first-of-its-kind aircraft lease asset-backed securitization (ABS) transaction which was the first aircraft lease ABS to include “Japanese operating lease” structures.

Purchase and financing of a portfolio of aircraft

Advising the purchaser in relation to the acquisition of a portfolio of 21 commercial passenger jet aircraft, the associated equity investment and shareholder arrangements and a syndicated, senior secured term loan to finance the portfolio.

Financings for four new A350s

Acting for the mandated lead arrangers on the structured operating lease financings of four new Airbus A350-900 aircraft purchased by an aircraft lessor and leased to a major airline.

Aircraft portfolio financing

Acting for lenders on a financing for a private equity backed joint venture’s acquisition of a portfolio of 37 aircraft.

JOLCO transactions

Acting for equity arrangers and financing banks on numerous JOLCO transactions.

More: Aviation

Awards

Transport financing & leasing (Previously Asset finance & leasing)

Transport financing & leasing (Previously Asset finance & leasing)

Transport finance and leasing

Transport finance and leasing

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