The transaction was approved, subject to conditions, earlier in the year and involved the financial and commercial arrangements relating to the acquisition by TUIC of the HL Cruises’ business, including its luxury and expedition fleet, consisting of two five-star plus category luxury vessels and three expedition cruise ships.
The promotion of these six lawyers takes the firm’s total number of partners to 173.
The deal includes the acquisition of HL Cruises’ luxury and expedition fleet, consisting of two five-star plus luxury vessels and three expedition cruise ships, by TUI Cruises.
A six-year loan facility will primarily be used towards the prepayment of existing credit payments, amounting to US$152m, as well as to pay off a US$66m bridge facility raised in June 2019.
We advised Foresight Group on the delivery arrangements relating to a LeTourneau Super 116E jackup drilling rig named “VIVEKANAND 3”.