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WFW advises Global Ship Lease on its first sale and leaseback
Watson Farley & Williams (“WFW”) advised Global Ship Lease, Inc. (“GSL”), a NYSE-listed containership owner, on their US$14,734,500 sale and leaseback of one ship, GSL VIOLETTA (the ” Vessel”), with Neptune Maritime Leasing Limited (“Neptune”).
This is GSL’s first sale and leaseback transaction, with the US$14,375,000 being made available to GSL under the sale and five-year capital leaseback and used for the financing of the Vessel, which is subject to a long-term charter with Maersk Line A/S.
Founded in 2007 and NYSE-listed, GSL is a leading independent owner with a diversified fleet of mid-sized and smaller containerships which are chartered under fixed-rate time charters to top tier container liner companies.