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Conyers advises on $1bn refinancing arrangement - May 2011

Conyers advised General Maritime Corporation (“GenMar”) on the completion of two refinancing arrangements with Nordea Bank Finland, plc, New York Branch (“Nordea”).

The agreements were governed by an amended and restated $550million credit agreement and an amended and restated $372million credit agreement respectively, and one financing arrangement with Oaktree Capital Management, L.P (“Oaktree”) governed by an amended and restated $200million credit agreement.

Conyers lawyers Marcello Ausenda, Kathleen Moniz and Victor Richards advised alongside White & Case LLP, who acted as US Counsel for Nordea, Kramer Levin Naftalis & Frankel LLP, who acted as US Counsel for GenMar, and Kirkland & Ellis, LLP, who acted as US counsel for Oaktree Capital Management, L.P.

 


Marcello Ausenda
Director

BERMUDA   +1 441 299 4954


Victor Richards
Director

Bermuda   +1 441 299 4926


Kathleen Moniz
Associate

Bermuda   +1 441 298 7883


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Deals & Transactions

Conyers advises on $1bn refinancing arrangement - May 2011

Conyers advised General Maritime Corporation (“GenMar”) on the completion of two refinancing arrangements with Nordea Bank Finland, plc, New York Branch (“Nordea”).

The agreements were governed by an amended and restated $550million credit agreement and an amended and restated $372million credit agreement respectively, and one financing arrangement with Oaktree Capital Management, L.P (“Oaktree”) governed by an amended and restated $200million credit agreement.

Conyers lawyers Marcello Ausenda, Kathleen Moniz and Victor Richards advised alongside White & Case LLP, who acted as US Counsel for Nordea, Kramer Levin Naftalis & Frankel LLP, who acted as US Counsel for GenMar, and Kirkland & Ellis, LLP, who acted as US counsel for Oaktree Capital Management, L.P.

 


Marcello Ausenda
Director

BERMUDA   +1 441 299 4954


Victor Richards
Director

Bermuda   +1 441 299 4926


Kathleen Moniz
Associate

Bermuda   +1 441 298 7883


 

expertise

Corporate
Shipping


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Bermuda