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Norton Rose Fulbright advises Global Ship Lease on US$415m refinancing | Global law firm | Norton Rose Fulbright

Norton Rose Fulbright advises Global Ship Lease on US$415m refinancing

November 8, 2017

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Global law firm Norton Rose Fulbright has advised containership charter owner, Global Ship Lease (GSL), on its $360 million bond issuance and $54.8m secured term loan facility.

GSL will use the net proceeds to refinance its existing 10% first priority secured notes due 2019. In addition, all outstanding borrowings under each of its existing revolving credit facility and existing secured term loan have been repaid and terminated.

Giles Brand, partner, Norton Rose Fulbright, comments:

“This is a significant transaction that signals continued appetite of US capital markets investors in the container shipping industry and further assists GSL in being able to meet its future goals.” 

The international Norton Rose Fulbright team was led by Giles Brand in London and included Brian Devine in New York, Jonathan Silver in Hong Kong and Gino Bell in Amsterdam.

Norton Rose Fulbright’s leading global shipping finance practice was recently ranked band 1 by the Chambers Global 2017 directory and continues to advise across the sector, having most recently advised Alpha Bank on its second shipping securitisation, raising US$250 million.

For further information please contact:

Meeta Vadher, Senior PR Manager
Tel: +44 (0)20 7444 3097; Mob: +44 (0)7595 886 276
meeta.vadher@nortonrosefulbright.com

Notes for editors:

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