IFLR1000

First Ship Lease Trust $50 million financing

8/8/2018
Asset finance, Financing
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$ 50 million

Completed

8/8/2018

Overview:

  • First Ship Lease Trust has taken out $50 million in new financing to partially refinance a $479.5 million term facility which was entered into in 2011.
  • The facility is secured on 14 of FSL’s vessels flagged in either the Bahamas or Singapore.

Sam Duke

Jurisdiction:

Singapore

Deal types:

Asset finance
Financing

Practice areas:

Banking
Asset finance

Industry sector:

Shipping

Firms:
Morgan Lewis Stamford

Party: First Ship Lease Trust (Borrower)

Lawyer: Wai Ming Yap

Watson Farley & Williams

Party: Hellenic Bank (Lender)

Lawyers: Beng Hong Ong, Christina Economides, George Paleokrassas

Wong Tan & Molly Lim

Party: Hellenic Bank (Lender)

Lawyers: Beng Hong Ong, Beng Hong Ong

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