Watson Farley & Williams (“WFW”) advised EDT Group (“EDT”) on a series of financing facilities provided by a major Greek financial institution, secured on the m.v. EDT PROTEA and m.v. EDT AEOLUS.
This financing materially strengthens EDT’s operations, supporting its expanding offshore activities whilst advancing its strategy to improve debt efficiency and providing access to competitive funding from a systemic European bank.
EDT is a leading operator of offshore and support tonnage — including multipurpose support and platform supply vessels, anchor handling tug supply units, tugs, cargo barges, dredgers and crew boats — providing services that span ship management and operations, vessel chartering, ship agency, ship repair and dry dock, marine construction, offshore bunkering and oil and gas shore base support.
The WFW Athens Maritime team that advised EDT was led by Assets & Structured Finance Partner Marsila Karpida, supported by Senior Associate Angelos Michas and Associates Vassia Angeletaki and Fenia Apalaki.
Marsila commented: “We are delighted to have advised EDT on this important financing, which represents a key milestone in supporting the continued growth of its offshore operations. It was a pleasure to work alongside the EDT team on this transaction and we look forward to seeing them continue to build on this momentum in the offshore sector”.
