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.
Responding to challenges facing the world’s financial markets and drawing on our technical excellence, local experience and rich sector knowledge, we deliver value to our clients across international capital markets.
With team members based in the mainstream financial centres of Europe, the USA, Middle East and Asia, we are well-placed to advise on the complete range of domestic and international capital markets issues including debt and equity, structured finance and derivatives.
Characteristic of our approach is the way our capital markets lawyers combine with our broader finance, restructuring and corporate trust and agency expertise as well as our specialist sector teams to deliver practical, industry-focused advice.
We count issuers, financial sponsors, arrangers, underwriters, institutional investors, export credit agencies, trustees, agents, brokers, dealers, counterparties and financial advisers among our clients.
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This article offers an overview of loan notes issued by property developers, which provide an alternative source of finance for property developments.
Each Class A warrant is immediately exercisable for one common share at an exercise price of $0.35 per share and will expire five years from issuance.