Tanker Operator WFW advises DekaBank on US$94m Scorpio Tankers credit facility tankeroperator.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tankeroperator.com Daily Mail and Mail on Sunday newspapers.
Watson Farley & Williams (“WFW”) has advised a US-based bank, acting as lender, facility agent and security agent, on a US$22m loan facility to Madison Marine Corp. for the part refinancing of five 4,000-teu container vessels. All five vessels are covered by charters with a leading container liner company. The cross-border WFW Maritime team that .
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.