WFW advises Altera on successful Chapter 11 restructuring12 January 2023
The restructuring addressed more than US$1bn of secured and unsecured holding company debt.
The restructuring addressed more than US$1bn of secured and unsecured holding company debt.
Construction is expected to be completed in December 2023 and, when finished, will be the largest cruise terminal in the US.
Prosafe is the leading Norwegian headquartered owner/operator of semi-submersible accommodation vessels.
The acquired portfolio includes a diversified portfolio of 15 equity joint venture investments, consisting of a fleet of circa 76 high-quality vessels within the product/chemical tanker, dry bulk, LPG, container and offshore services segments.
Built at Norway’s Ulstein Verft shipyard and initially delivered in 2012, the ‘Hermit Fighter’ and ‘Hermit Prosper’ were the first PX121 design vessels from Ulstein Design & Solutions.
Oak Hill has acquired over 110,000 containers from Aves One. The portfolio is valued at c. US$182.5m and the structure involved both asset and debt elements between the parties.
Securitisation principles and certain structuring efficiencies were utilised to enable Fleetscape to offer sale-and-leaseback or unitranche financing on highly competitive terms.