Marine Money has named two transactions White & Case LLP advised on among its 2022 Deal of the Year Awards.
The Firm was honored for its work advising on the following transactions that won in their respective categories:
- Bank Debt Deal of the Year: White & Case advised Nordea, as sole coordinator, bookrunner, mandated lead arranger and administrative agent, on International Seaways’ US$750 million sustainability-linked senior secured credit facility. The facility contains an ESG-linked margin adjustment that links ESG goals to decarbonization goals, increasing investment in sustainable assets and reducing “Lost Time Incident Frequency,” which is an indicator of safety performance
- Restructuring Deal of the Year: White & Case advised hsh portfoliomanagement AöR, an independent institution established by the Federal States of Hamburg and Schleswig-Holstein with the task of realizing and winding-down risk positions acquired from HSH Nordbank AG, on the sale of a shipping loan portfolio with a volume of more than US$1 billion of shipping loans backed by long-term charter contracts