WFW advises First Citizens Bank on US$123m Greek shipping loan portfolio acquisition hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
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.
WFW advises Costamare on US$120m bond issuance in Greece
Watson Farley & Williams (“WFW”) acted as English law counsel to Costamare Participations Plc (“Costamare Participations”) on the issuance and public offering of a US$120m corporate bond on the Athens Stock Exchange, guaranteed by Costamare Inc. (“Costamare”).
This was the first bond issued by a shipping company to be traded on the Athens Stock Exchange. WFW advised Costamare on the comprehensive review of its loan portfolio and certain other transaction documents so as to provide a due diligence report and English law legal opinion, required by the underwriters for the final issuance of the bond.
Watson Farley & Williams (“WFW”) advised CIT Bank, N.A. (“CIT”) in relation to a US$34.25m term loan facility provided to subsidiaries of Globus Maritime Limited (“Globus”) for the refinancing of its fleet of dry-bulk vessels. NYSE-listed CIT is a financial institution headquartered in New York City. It provides financing to a wide range of industries, .