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Allen & Overy advises Hapag-Lloyd on successful EUR 100 million financing

 

10 July 2019

Allen & Overy LLP has advised Hapag-Lloyd AG, a leading global liner shipping company, in connection with its entry into a new EUR 100 million revolving credit facility  

​The credit facility has been made available for utilisation from 14 June 2019 for different maturities of up to 18 months, with an optional extension of up to two years. Utilisations under the revolving credit facility are intended to be eligible for settlement of standard market credit default swap transactions.

Hapag-Lloyd AG may use the financing from the facility for general corporate purposes and to optimise its debt maturity profile and cost of capital, in line with its strategic objectives.

The Allen & Overy team was led by partner Thomas Neubaum, and included counsel Bianca Engelmann (both Banking & Finance, Frankfurt), as well as partner Parya Badie and senior associate Robert Simmons (both International Capital Markets, London).

 

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