In view of current extraordinary circumstances, we will be hosting our annual Owners’ Day in a series of three webinars. The format of a webinar will allow our clients across the globe to participate in this event.
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 joint venture acquired two Suezmax tankers for a combined consideration of US$40.6m.
We’re delighted that the ground-breaking Vessel Technology Assessment System Project, of which we are proud to be an advisor, has finished its development stage and is set to go live as an independent advisory service and new venture backed by its joint founders BMT and Black & Veatch as of 19 May 2019.
The joint venture aims to create a joint UK-based military vehicle design, manufacturing and support business.
We are delighted to have assisted Billy + Margot on its acquisition of Benyfit Natural.
“We’re delighted that we were able to assist Höegh LNG on this significant strategic joint venture that brings together three leading shipowners and operators to develop facilities that will serve a vital need by bringing LNG to areas of stranded demand…”
What are the key characteristics and advantages of the three main Marshall Islands and Liberian entities that shipping businesses use in their structures?
The new structure is based on a common terms debt platform and includes new bank facilities as well as senior debt securities issued in private placements to accredited investors in the US and Europe.
What are the investment risks those new to equity investment in shipping should be aware of?