The Global Ports & Terminals Group is featured in a global shipping magazine Port Strategy, looking into the initial considerations of port sector investment.
WFW advises Teekay Tankers on US$533m revolving credit facility and sale of its non-U.S. STS transfer support business
The credit facility will be used to refinance 31 vessels as well as repay circa US$455m of Teekay Tankers’ existing debt and extend balloon maturities from 2020/2021 until the end of 2024.
The new airport opens in 2026 and will be the largest international gateway in Australia by 2060. It is expected to support almost 28,000 jobs within five years of opening.
We advised on the New York, Marshall Islands and English law aspects of the transactions, including relating to certain collateral security granted on the notes.
We are delighted to have assisted SMT on their first UK acquisition and such an important step in their international growth strategy.