ING’s US$40 Million Syndicated Facility Agreement with BW LPG Holding Limited

Watson Farley & Williams (“WFW”) advised ING Bank N.V., Singapore Branch on the matter.

ING Bank N.V., Singapore Branch (“ING”) acted as agent and sustainability coordinator on amending a syndicated facility agreement with BW LPG Holding Limited (“BW LPG”) for four very large gas carriers (“VLGCs”) originally signed in 2016.

In addition to upsizing the facility, the amendments aimed at incorporating sustainability linked provisions into the facility, highlighting the conscious effort of all parties involved to support and recognise the importance of ESG in maritime facilities.

The WFW Singapore team advising ING was led by Asia Assets & Structured Finance Group Head Madeline Leong (Picture), supported by Senior Associate Ryan Tan.
 

Involved fees earner: Madeline Leong – Watson Farley & Williams; Ryan Tan – Watson Farley & Williams;

Law Firms: Watson Farley & Williams;

Clients: ING Bank N.V., Singapore Branch;

Giulia Di Palma

Author: Giulia Di Palma