WFW advises DekaBank on US$94m Scorpio Tankers credit facility20 October 2023
The credit facility will finance one MR product tanker and three LR2s.
The credit facility will finance one MR product tanker and three LR2s.
This transaction resulted from HSBC’s decision to sell its Greek shipping portfolio, of which Piraeus Bank acquired the highest number of loans.
The restructuring addressed more than US$1bn of secured and unsecured holding company debt.
All sustainability provisions, including both environmental and social targets, are consistent across the facilities.
We advised Genco Shipping & Trading Limited on a fleet-for-fleet asset swap, exchanging six Handysize vessels for three modern, eco Ultramax bulk carriers with a trading partner.
WFW advised on matters of Marshall Islands, Liberian, Thai and maritime law and also, through our formal law alliance in Singapore with Wong Tan & Molly Lim LLC, Singapore law.
Partners Steven Hollander and Daniel Rodgers led the WFW New York Corporate team that advised long-standing client Royal Caribbean Cruises Ltd. on matters of maritime and Liberian law in connection with a US$3.3bn private offering.
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