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WFW advises Macquarie Bank on first of its kind shipping loan/lease securitisation for Fleetscape


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 to offer sale-and-leaseback or unitranche financing on highly competitive terms. The structure is versatile and has been prepared on the basis that new shipping loans and leases will be regularly added into the structure. ....

New York , United States , Marshall Islands , City Of , United Kingdom , Helena Hopmann , Alex Clark , Elsa Savvatianou , Watson Farley Williams , Ella Vries , Jane Keith , Zara Hammersley , Jim Bell , Tamara Ristic , Lindsey Keeble , Clemens Hillmer , John Benson , Dominic Pearson , Macquarie Bank Limited , Fleetscape Capital Limited , Associates Natalie Grundy , Shipping Finance , Oaktree Capital Management , London Partner Jim Bell , Partner Dominic Pearson , Consultant Jane Keith ,