WFW advises syndicate of lenders on US$963.7million Korean ECA-backed financing to Gener8 Maritime group for 15 vessels
Watson Farley & Williams (“WFW”) has acted as lead counsel advising a syndicate of lenders globally co-ordinated by Citibank N.A. and Nordea Bank Finland plc, New York Branch, on a term loan facility of up to US$963,743,455 to Gener8 Maritime, Inc.
The facility finances the group’s acquisition of 15 newbuildings, most of which are to be built in Korean shipyards. The newbuildings will be delivered between 2015 and 2017.