Hsbc Bank News

20 Nov 2018

WFW Advises HSBC $123m Three Vessel Sinosure-backed Financing

Pic: WFW

Watson Farley & Williams advised HSBC Bank, HSBC Bank Middle East Limited HSBC Corporate Trustee Company  and a syndicate of banks including Mashreqbank, HSBC Bank Middle East Limited and Bank of Communications Ltd in connection with three Sinosure-backed loan facilities totalling approximately US$123m to UAE-based Zakher Marine International Inc (ZMI), to finance the construction and acquisition of three new high-spec jack-up barges.The delivery of the final two barges in September 2018 completed a structured financing and delivery process which saw Mashreqbank joining the project in 2017.

04 Oct 2017

Vitol Returns for $8 Bln Loan Refinancing

Geneva-headquartered energy and commodities trader Vitol has signed an US$8bn loan refinancing of credit facilities agreed in October 2016, the company announced on Wednesday. The revolving credit facility, which is used for working capital and general corporate purposes, comprises a three-year tranche and a 364-day tranche. The three-year tranche totals over US$7bn. ABN AMRO Bank, Commerzbank, Credit Agricole CIB, HSBC Bank and ING Bank were active bookrunners on the transaction. Bank of America Merrill Lynch, MUFG, BNP Paribas, Citigroup, Credit Suisse, DBS Bank, Deutsche Bank, JP Morgan, Lloyds Bank, Mizuho Bank, Natixis, Rabobank, Societe Generale, Standard Chartered Bank, SMBC and UniCredit Bank were mandated lead arrangers and bookrunners.

21 Oct 2015

APM Terminals Izmir Set for Opening

Final deliveries of remaining STS cranes and RTGs scheduled for December for 1st Quarter 2016 operations

With the delivery of five Rubber-Tire Gantry Cranes (RTGs) and two Ship-to-Shore (STS) gantry cranes capable of handling Ultra-Large Containerships (ULCS) of up to 16,000 TEU capacity, the new 1.3 million TEU deep-water APM Terminals Izmir facility is nearing completion in anticipation of beginning commercial operations in early 2016. One more STS crane and five additional RTGs are scheduled to arrive in December, bringing the container handling equipment complement to three ULCS-ready STS cranes and 10 technologically advanced RTGs.

02 Sep 2015

Euronav Acquires $ 750 mi Facility

Euronav secures $750m bank loan

The Executive Committee of Euronav NV today announced that it has signed a new USD 750 million senior secured amortizing revolving credit facility led by DNB Bank ASA and Nordea Bank Norge ASA acting as Coordinators, Mandated Lead Arrangers and Bookrunners and ABN AMRO Bank NV, ING Bank NV and Skandinaviska Enskilda Banken AB (publ) (SEB) acting as Mandated Lead Arrangers and Bookrunners and Crédit Agricole Corporate and Investment Bank acting as Lead Arranger whilst KBC Bank NV, Scotiabank Europe plc and Société Générale acting as Co-Arrangers.

23 Apr 2009

Subsea 7 Inc. Reports 1Q 2009

Subsea 7 Inc. (Oslo Stock Exchange: SUB) reported results for the first quarter of 2009. •    Good project execution and profitable in all regions. •    Successful completion of a number of projects, including Chevron’s Tombua Landana development. •    Awarded contract by Petrobras in Brazil valued at approximately USD 200 million in support of the Tambau Urugua and P-56 developments. The Group’s accounts are prepared in accordance with International Financial Reporting Standards (IFRS). Highlights for the quarter included the successful completions of Venture’s Chestnut P2 development and Ithaca’s Jacky project. Engineering and procurement…

25 Mar 2004

CP Ships Closes on $525M Credit Facility

CP Ships Limited has closed on a five-year $525 million secured multicurrency revolving credit facility. and one for $350 million completed in March 2002. general corporate purposes including capital expenditure and acquisitions. Pricing is linked to credit ratings. 0.44% payable on the undrawn portion. the facility, the applicable margin will increase by 0.15%. mandated lead arrangers. banks with extensive experience of lending to the shipping industry.

18 Nov 2005

Arlington to Acquire Two Tankers for $92M

Ltd. million in cash. in 2005. Arlington expects to take delivery of the vessels in January 2006. charter hire agreements with Stena Bulk AB for both vessels. day for the third year. initial three year period. 30 months. vessels with Northern Marine Management Ltd. fixed rates commencing at $5,565 per day and increasing at 5% per year. Northern Marine Management Ltd. is a wholly-owned subsidiary of Stena Group. vessels. approximately 14.4% of Arlington's outstanding shares of common stock. necessary financing to pay the cash purchase price. amortizing term loan facility with The Royal Bank of Scotland. interest rate swap. 2005. existing debt facility. interest rate swap with Fortis Bank and HSBC Bank. the purchase of the vessels and to establish the new debt facility. Marine.

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