WFW advises Danaos on US$450m newbuild vessel financing
We advised Danaos Corporation on a US$450m post-delivery senior secured term loan facility to finance eight newbuild vessels under construction.
We advised Danaos Corporation on a US$450m post-delivery senior secured term loan facility to finance eight newbuild vessels under construction.
The purchase of AF Mia was financed through a capital increase as well as the loan.
The loan facility was used to purchase five vessels.
The loan will enable TXL to finance the acquisition of new shipping containers.
The cross-border WFW Maritime team that advised the bank on the transaction was led by London Partner Kavita Shah, with New York Partner John Benson leading on the US law aspects of the transaction.