WFW Advises Singaporean Joint Venture Borrower on US$23 Million Financing for a Vessel by an Indian Shipbuilder

The Singapore office of Watson, Farley & Williams LLP (“WFW”) advised ABC One Pte. Ltd in respect of a secured loan by NIBC of $22,800,000 for the construction of a vessel by an Indian shipbuilder and assisted in the drafting of the English-law finance documents.

The advice involved extensive negotiation of the finance documents which included security documents provided by the borrower, its parent company and the JV partners of the parent company. In addition, advice was given in respect of security documents provided by the parent company of one of the JV partners. Furthermore, the advice extended to negotiations with a Dutch swap provider for the provision of interest rate swaps to the borrower.

The WFW team was led by partner Chris Lowe who was assisted by Lee Chien Herr and Stephan Clark.

www.wfw.com


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