Stephenson Harwood (Singapore) Alliance has advised Nordea Bank on the deal.
Nordea Bank provided a US$34.27 million secured loan facility to part finance three vessels acquired by BW Epic Kosan.
Of the three vessels acquired, two were part of a cash plus shares offer to Odfjell Gas Shipowning AS to acquire two 9,000 CBM ethylene carriers, Bow Guardian and Bow Gallant. This deal concludes Odfjell’s exit from the gas segment. BW Epic Kosan owns and operates a global fleet of gas carriers, which provide seaborne services for the transportation of liquefied petroleum gas and other speciality gases.
The Stephenson Harwood team comprised partner Iain Young (Picture) and senior associate Pedram Norton. Singapore law advice was provided by Virtus Law partner Colin Jarraw, associate Constance Leong and paralegal Sylvia Lisa.
Law Firms: Stephenson Harwood;
Clients: Nordea Bank AB;