WFW advises First Citizens Bank on US$123m Greek shipping loan portfolio acquisition27 July 2023
The loans acquired pertain to 14 vessels owned by eight different ship owners.
The loans acquired pertain to 14 vessels owned by eight different ship owners.
The total cost of the investment was €21M and was funded by Attica Group’s equity and the bond loan facility.
Watson Farley & Williams acted as English law counsel to CPLP Shipping Holdings PLC on the issuance and public offering of a US$150m corporate bond on the Athens Stock Exchange, guaranteed by Capital Product Partners L.P.
WFW advised on matters of English, French, German, Marshall Islands and Hong Kong law, with five offices involved in the transaction.
Danaos has refinanced all its outstanding debt under nine senior secured credit facilities, streamlining its capital structure from nine credit facilities to one.
The National Bank of Greece is a global banking and financial services company and one of the leading banks in Greece, with which WFW enjoys a long-standing relationship.
Shanghai-based CMBFL provides financial leasing solutions to large, medium and small businesses across China. It is a subsidiary of China Merchants Bank, the first share-holding commercial bank wholly owned by corporate legal entities in China.