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ARTICLE · 13 JULY 2020

Financing In Bermuda – Safe, Flexible And Efficient

Conyers
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Conyers

Conyers

For over 25 years Conyers’ London office has provided time-zone sensitive advice and support to our...

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The economic impact of the Covid-19 pandemic has been severe and far-reaching. We are seeing otherwise viable companies forced to restructure liabilities and business structures to try and...

BermudaFinance and Banking
Sophia Collis
Sophia Collis
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The economic impact of the Covid-19 pandemic has been severe and far-reaching. We are seeing otherwise viable companies forced to restructure liabilities and business structures to try and salvage ongoing trading and keep ahead of the dark cloud of insolvency. It is no surprise that we have seen a rise in corporate restructurings and re-financings, particularly in the travel industry.

In spring 2020, Conyers provided Bermuda law advice in connection with three major deals involving some of the largest cruise companies in the industry. Conyers advised L Catterton, a global PE firm, on a $400m investment in Norwegian Cruise Line Holdings Limited. This cash injection was part of a major refinancing allowing Norwegian to survive the effects of the pandemic on its operations. Viking Cruises Ltd has also been battered by the stormy seas of Covid-19. Conyers advised Viking on a refinancing that will allow the company to repay existing debts and continue trading. Finally,

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