World regulation agency Norton Rose Fulbright’s delivery staff has suggested on 10 offers recognised as ‘Offers of the Yr’ at Marine Cash’s annual Ship Finance Awards.
Marine Cash is a outstanding publication within the delivery and offshore finance sector, with these accolades serving as important acknowledgements of outstanding monetary work and maritime dealmaking throughout the worldwide ship finance trade.
Amongst the ten successful ‘Offers of the Yr’ that Norton Rose Fulbright suggested on is a US$2.8bn senior secured credit facility to GasLog Ltd, the largest-ever business debt financing within the international delivery trade, which was named ‘Financial institution Debt Deal of the Yr’. ‘Offshore West – Export Credit score Deal of the Yr’ and ’Offshore West – M&A Deal of the Yr’ have been awarded for two export credit agency (ECA) backed green facilities totalling €1.075bn for offshore wind turbine installation company Cadeler A/S, offers which have helped create the main operator within the offshore wind turbine set up house.
Simon Hartley, international co-head of Norton Rose Fulbright’s delivery group, mentioned:
“We congratulate our purchasers on these offers and are very happy that we have been in a position to assist them. This consequence demonstrates the breadth of our apply within the maritime sector – the ten award-winning offers we suggested on symbolize important work on a variety of areas together with LNG, offshore and renewables initiatives and these offers all drew upon our intensive international delivery platform with legal professionals from places of work together with Amsterdam, Athens, London, New York, Shanghai, Singapore and Vancouver concerned.”
The work of Norton Rose Fulbright’s international delivery apply encompasses all points of company delivery transactions together with mergers and acquisitions, advanced finance and leasing offers and ship gross sales, acquisitions and constitution transactions. The agency’s delivery legal professionals advise a variety of purchasers on the complete spectrum of worldwide delivery finance together with work for banks, lessors, and ship homeowners and operators worldwide.
The entire listing of the ‘Offers of the Yr’ recognising Norton Rose Fulbright is:
- Financial institution Debt Deal of the Yr
Advising Citibank N.A and BNP Paribas as international co-ordinators, preliminary mandated lead arrangers, and bookrunners on a US$2.8bn sustainability and gender diversity-linked senior secured credit score facility to GasLog Ltd. Lead accomplice: Yianni Cheilas (Athens/London) - Offshore West – Export Credit score
Advising DNB Financial institution and associated financial institution syndicate on a Sinosure-backed inexperienced newbuilding facility and ancillary traces totalling €525m in relation to the development of two X-Class offshore wind turbine set up vessels. Lead companions: Yianni Cheilas (London/Athens), Pleasure Gao (Shanghai) - Offshore West – M&A
Advising DNB Financial institution on acquisition finance services of €550m put in place to help Cadeler with its merger settlement with NYSE-listed Eneti Inc which created the main operator within the offshore wind turbine house. Lead companions: Yianni Cheilas (London/Athens), Brian Devine (New York), Neha Khosla (London) - Export Credit score Deal of the Yr
Advising Citi on a €84.5m Eksfin-supported mortgage facility for pre- and post-delivery financing of two commissioning service operation vessels for the offshore wind trade. Norton Rose Fulbright acted for Citi and Eksfin. Lead accomplice: Ben Rose (Singapore) - Personal Placement Debt Deal of the Yr
Advising the investor on a C$58m Senior Secured Personal Placement organized by ABN AMRO Financial institution N.V. for Eureka Delivery Ltd for the aim of financing the development and supply of a 12,500 dwt cement service. Lead companions: Joris Ravelli (Amsterdam), Richard Howley (London) and David Bain (Vancouver) - Personal Placement Fairness Deal of the Yr
Advising Macquarie Financial institution Restricted, London Department on the as much as US$97.5m acquisition financing for subsidiaries of Stainless Tankers ASA to part-finance the acquisition of seven chrome steel chemical tankers in reference to the admission to buying and selling of all issued shares of Stainless Tankers ASA on the Euronext Development Oslo inventory change. Lead accomplice: Andrew Williams (London) - Personal Fairness Deal of the Yr
Advising on over US$200m in investments to Neptune Leasing from Latsis Household and Costamare. Lead accomplice: Yianni Cheilas (Athens) - Inexperienced Class Deal of the Yr
Advising a syndicate of eight banks on a US$303m sustainability-linked mortgage financing for Hafnia. Lead accomplice: Sue Ann Gan (Singapore) - Challenge Finance East Deal of the Yr
Advising a membership of lenders on a US$145m financing for BW Batangas, one of many world’s main maritime teams concerned in delivery, floating infrastructure, deepwater oil and fuel manufacturing, and new sustainable applied sciences. Lead accomplice: Sue Ann Gan (Singapore) - Leasing East Deal of the Yr
Advising World Meridian Holdings (and its affiliated corporations) on the acquisition, sale and subsequent chartering of a major variety of its newbuild LNG vessels on order at Samsung Heavy Industries to be operated beneath long run time constitution contracts with Qatar Vitality. Lead accomplice: Simon Hartley (London)
