The parties will need to agree in advance, contractually, who will bear ETS responsibility, or how ETS responsibility will be apportioned between them, according to Watson, Farley & Williams.
Seaspan Corporation (“Seaspan”), a wholly owned subsidiary of Atlas Corp. (“Atlas”) (NYSE: ATCO), is proud to announce yesterday fulsome details on one of its financing arrangements previously identified in Atlas’ third quarter results released on November 8, 2021. This innovative financing arrangement is a first-of-its-kind vessel financing (the “Financing”), combining two existing asset financing structures .
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 unparalleled transaction-execution capabilities, the facility ensures that Fleetscape will remain one of the financing partners of choice for mid-sized and smaller vessel owners and operators seeking to raise innovative asset backed financing beyond the capabilities of their existing banking relationships.
The pandemic is driving hotel investor and brand alignment
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The pandemic has driven greater flexibility in the relationships between hotel brands and owners, according to a webinar hosted by Watson, Farley & Williams last week. Advertisements
The post-pandemic relationship between the two was expected to become more transparent, as hotels moved into mainstream and investors became more educated about the intricacies of the sector.
Felicity Jones, global real estate sector head & partner in the corporate & M&A group, Watson, Farley & Williams, said: We still need to have a better fundamental balance that recognises the brand value but balances the risk of all stakeholders. I would like to see more certainty for the owners coming out of this.