Container Ship at Sea

WFW advises HSH Nordbank, UniCredit, NordLB and DNB on the refinancing of a US$1.385 billion loan to the Rickmers Group

13 April 2015


Leading international law firm Watson Farley & Williams (”WFW“) has advised HSH Nordbank, UniCredit Bank, Norddeutsche Landesbank and DNB Bank on the refinancing of a number of loans to the Rickmers Group totaling US$1.385 billion.

The WFW team advised the banks, which we regularly support on maritime and other financing transactions, on the structuring, negotiations and documentation of the refinancing.

Hamburg-based Rickmers Group is an international provider of maritime services, vessel owner and ocean carrier.

The WFW team consisted of Hamburg Banking & Finance partner Dr. Clemens Hillmer, senior associate Frederik Lorenzen (Banking & Finance, Frankfurt), associates Dr. Daniel Valdini and Jan Frederik Strasmann as well as paralegal Steffi Klein (all Banking & Finance, Hamburg). London finance partner Patrick Kirkby, who was supported by associates Emily King and Ida Marie Oedegaard, advised on the English law security and intercreditor aspects of the German law transactions and the English law loan from DNB Bank.

WFW Hamburg partner Dr. Clemens Hillmer commented: “Following the initial financing in 2010, we are delighted to have advised our long-standing clients HSH Nordbank, UniCredit Bank, Norddeutsche Landesbank and DNB Bank on this refinancing transaction.”