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WFW advises HCOB on US$95m seven vessel refinancing1 September 2022

Watson Farley & Williams (“WFW”) has advised Hamburg Commercial Bank (“HCOB”) on a US$95m senior secured term loan facility to Hamburg Bulk Carriers (“HBC”) to refinance seven Liberian flagged vessels.

HCOB is a private German commercial bank, focussing on shipping, real estate, renewable energy and infrastructure as well as corporate business, both in Germany and internationally.

HBC is a bulk vessel operator based in Hamburg and Singapore that works closely with cargo owners, ship owners, traders and brokers.

The WFW Singapore Assets & Structured Finance team that advised HCOB was led by Partner Lizzie Roe, supported by Associate Becky Zhu and Senior Associate Charlotte Knight in Dubai.

Lizzie commented: “We’re very pleased to have supported HCOB on this important refinancing. The success of this transaction highlights WFW’s expertise in cross-border financing transactions, our ability to coordinate and resolve issues across different jurisdictions and our position as a top tier legal advisor to the maritime sector”.

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