Lucy Todd
Associate

FINANCE

PARIS

T: : +33 1 56 88 21 21
D: +33 1 76 40 16 26
M: +33 6 74 98 45 34

Summary Open

Lucy is an Associate in the firm’s Finance group. She specialises in banking and asset finance transactions in the aviation and maritime sectors. She advises financial institutions, equity investors, export credit agencies, lessors, manufacturers and operators on a wide range of high-profile cross-border asset finance, leasing and project finance transactions.

Lucy joined Watson Farley & Williams on qualification in 2015 having trained at a leading international law firm. Lucy speaks fluent French.

Experience Open

    Lucy’s experience includes advising:
    Aviation finance:
    • A multitude of different syndicates of banks on the JOLCO financing, with multiple different Japanese equity houses, of single aircraft and batches of aircraft of multiple different types (including A319, B777, B787-9 and A380 aircraft) for Air France.
    • China Aircraft Leasing Group Holdings Ltd (“CALC”) on the financing and leasing of two Airbus A320-214 aircraft msn 7145 and 7200 leased to Pegasus Airlines by means of a JOLCO. This deal was arranged by Asset Brok’Air. It was named “Aircraft Lessor JOLCO Deal of the Year” at Global Transport Finance 2016 Awards.
    • Chinese Lessor CALC on the financing and JOLCO refinancing of 1 x A320 aircraft for AirAsia Berhad and 1 x A320 aircraft for Thai AirAsia.
    • A leading German lender on the commercial financing of 1 x B787-9 aircraft for Air France.
    • Leading French and German lenders on the JOLCO financing of 2 x B737 aircraft for Transavia France.
    • A number of syndicates of banks on the JOLCO financing of a total of 10 x B737-700 (and -800) aircraft for Scandinavian airline SAS.
    • Deutsche Bank on the Coface-supported financing of the first 2 x AS332 C1e helicopters for South African / Irish operator Starlite and repositioning of the helicopters in various locations worldwide (often including a change of operator and change of state of registration).
    • A leading European aircraft manufacturer on the sales finance aspects of their sale of multiple aircraft to airlines in Indonesia and Malaysia.
    • A German bank on the complex sale of a B747 aircraft (including off-wing engines) and unwinding of the underlying three-tiered leasing structure.
    • A syndicate of lenders on the €99m financing (and PDP financing) of 14 EMS-configured Beechcraft B250/Cessna Citation Latitude aircraft to be operated pursuant to medical procurement contracts in Scandinavia.
    Shipping finance:
    • BNP Paribas, SMTB and other lenders on the $100m facility to be used by Cordialis International S.A., Maniata Commercial Inc., Panacea International S.A. and Proviso Corp. to refinance the outstanding debt in respect of four 8,400 TEU containerships.
    • CIC and BNP Paribas on the £160m financing granted to Technip UK for the acquisition of diving support vessel “Deep Explorer”.
    • Société Générale on tax lease unwind and $135m refinancing of two ships leased to a joint venture owned by Oman Shipping Company and Mitsui O.S.K. Lines Ltd.
    • BNP Paribas on the €75m facility to be used by SAS Shipping Agencies Services Sarl, a company owned by MSC Mediterranean Shipping Company SA, for capital expenses purposes.
    • BNP Paribas in relation to a post-delivery financing to be granted to two Liberian SPVs owned 50/50 by Ultranav International S.A. and Aqua Tankers Ltd for the acquisition of two 113,000 dwt Aframax crude oil tankers respectively, to be delivered mid-2017.
    • Two European banks on the unwinding of a complex Finnvera-backed financing of two ferries.
    • In the context of the UASC and Hapag Lloyd merger, advising the bank in connection with the transfer to Société Générale of Standard Chartered Bank’s participation in a US$1.25bn syndicated loan to UASC for the financing of twelve vessels.
    • A global project management/engineering and construction company in the energy sector with the ECA-backed financing of two subsea construction and pipe laying vessels to be built by a Norwegian shipyard and owned by the joint-venture subsidiary of the global project management/engineering and construction company.
    Rail financing:
    • BBSFF EU Rail Lessor Ltd (a subsidiary of Global Investments Ltd), BOSSAF Rail Ltd and Everest Babcock & Brown Opportunities Fund in connection with all aspects of the sale of Ascendos Investments Limited, a European locomotive and rolling stock leasing company, to Beacon Rail Leasing, a Pan-European rolling stock lessor owned (at the time) by Pamplona Capital Management.

Education Open

  • 2013: BPP London Legal Practice Certificate (LPC)
  • 2011–2012: BPP London Graduate Diploma in Law (GDL)
  • 2007–2011:University of Birmingham BA (Hons)
  • 2009–2010: Université de Poitiers

Membership of Professional Societies Open

  • Solicitors Regulation Authority

Employment Record Open

  • 2015–Present: Watson Farley & Williams
  • 2013–2015: Eversheds – trainee solicitor
  • 2012–2013: European Commission: internship – DG Health & Consumers

News Open