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Watson Farley & Williams (“WFW”) has advised Nordea Bank (“Nordea”) as agent and a syndicate of banks and funds as lenders, under export credit-supported finance for units built in China, to Prosafe SE (“Prosafe”) in relation to the comprehensive restructuring of c. US$1.5bn of its debt, including equitisation of c. US$1.1bn of debt. Completion of ...
WFW advises Oak Hill on acquisition of US$182.5m container portfolio Watson Farley & Williams (“WFW”) has advised Oak Hill Advisors (“OHA”) on its acquisition of a portfolio of over 110,000 containers from Aves One AG (“Aves One”). The portfolio is valued at c. US$182.5m and the structure involved both asset and debt elements between the parties. OHA has approximately US$51bn of capital under management, with over 30 years of experience investing in a variety of asset classes, including performing and non-performing corporate credit, real estate, shipping, aviation and structured ...
Fleetscape announces new securitisation facility with Macquarie Fleetscape Capital Limited (“Fleetscape”), the alternative capital provider to the maritime and offshore industries, has entered into an innovative financing structure with Macquarie Bank Limited (“Macquarie”), which provides a more efficient offer to vessel owners looking at higher leverage situations. The financing provided by Macquarie is structured on securitisation principles and enables Fleetscape to offer sale-and-leaseback or unitranche financing on highly competitive terms. Coupled with Fleetscape’s unparallele...
WFW advises Macquarie Bank on first of its kind shipping loan/lease securitisation for Fleetscape Watson Farley & Williams (“WFW”) has advised Macquarie Bank Limited (“Macquarie”) in relation to the securitisation of certain underlying loans for Fleetscape Capital Limited (“Fleetscape”) in respect of the financing of ships on lease to various lessees. Oxane acted as facility agent and security trustee. This was an innovative and first of its kind securitisation in the shipping sector. Securitisation principles and certain structuring efficiencies were utilised to enable Fleetscape...