Skip to main content

Watson Farley & Williams has represented CSSC (HK) Shipping Co Ltd (CSSCL) on a $245 million, ten-year club senior secured loan to build six Newcastlemax bulk carriers, with Norton Rose Fulbright advising the facility agent. 

CSSCL is the ship-owning and leasing unit of state-authorised China State Shipbuilding Corp (CSSC), one of the largest shipbuilders in the country. Beijing-headquartered CSSC is owned by the Assets Supervision and Administration Commission of the State Council.

The loan facility was led by Standard Chartered Bank and Bank of America, which were joined by Société Générale. The six bulkers were ordered in 2014, with two already delivered and the remaining four still under construction.

WFW partner Christoforos Bisbikos oversaw the transaction, the first international syndicated financing for CSSC.

 

Related Articles

方达、苏利文、贝克麦坚时助力中印26亿美元钢铁领域合资交易(ZH/EN)

中国民营钢铁公司中国东方集团宣布将与世界第二大钢铁公司、印度安赛乐米塔尔合作,共同在中国设立两家合营企业。方达律师事务所、美国苏利文·克伦威尔律师事务所作为中国东方集团的律师参与交易;贝克·麦坚时国际律师事务所为安赛乐米塔尔提供法律意见。

通商、汉坤、世达、瑞生助力文远知行成为全球Robotaxi第一股(ZH/EN)

中国自动驾驶科技公司文远知行成功在纳斯达克上市,结合此前已披露的3.2亿美元的私募配售,总募资金额达到4.585亿美元。

金杜、竞天公诚牵头地平线54亿港元香港IPO,三年来科技企业境外最大发行(ZH/EN)

10月24日,中国智能驾驶科技企业地平线在港交所成功上市,募资总额为54亿港元,成为2024年港股最大科技股IPO,也是三年来中国科技企业最大境外IPO。