Container Ship at Sea

WFW advises Seaspan on agreement to extend and refinance US$1 billion credit facility

2 January 2014

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Seaspan Corporation (“Seaspan”) on its agreement to extend and refinance its $1.0 billion credit facility maturing in May 2015 until May 2019.

BNP Paribas Securities Corp. acted as the lead arranger of the amended facility.

Vancouver-headquartered Seaspan provides many of the world’s major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services.

London finance partner Mark Lawson, who is also Seaspan’s relationship partner, led on the transaction, and was supported by associates George Macheras and Rob Firth, both also of WFW London.

Mark Lawson commented: “Once again, we are delighted to have supported Seaspan in completing important changes to one of its major financing facilities with a prestigious syndicate of 18 financial institutions.”