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ARTICLE · 11 MAY 2016

Hapag-Lloyd Obtains A USD57 Million Credit Loan Agreement

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Carey has helped German shipping company Hapag-Lloyd obtain US$57 million to buy two vessels.

ChileFinance and Banking
Originally Published By Latin Lawyer
Originally Published By Latin Lawyer

Carey has helped German shipping company Hapag-Lloyd obtain US$57 million to buy two vessels.

Dutch state-owned bank ABN AMRO provided the financing with the help of Philippi Prietocarrizosa Ferrero DU & Uría (Chile). The transaction closed on 26 April.

It is thought the Frankfurt offices of Allen & Overy LLP and Watson Farley & Williams LLP in Hamburg advised Hapag-Lloyd and ABN AMRO respectively, but this could not be confirmed.

The financing is secured by Chilean mortgages on the vessels. Carey previously advised Hapag-Lloyd on its merger with Chilean container shipping company Compañia Sudamericana de Vapores.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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