Christopher Frampton

Partner, New York

Biography

Christopher is a senior finance lawyer with extensive experience in all aspects of international structured and asset finance transactions. He is the Global Head of Asset Finance at White & Case.

Overview

Christopher's experience extends to a variety of asset classes and sectors, including maritime, rail, aviation and energy. He has advised clients on many innovative and highly structured financings, in both privately placed and capital markets transactions.

In representing clients, he has combined financing technologies utilized in different sectors for application in the financing of new asset classes, and has helped clients to access hitherto untapped capital sources. He has also guided clients through complex restructurings, corporate combinations and M&A transactions.

Christopher's clients benefit from his breadth of experience and the understanding that comes from having seen finance transactions through all stages of development, execution and distress, from initial placement of debt and equity financing to restructurings and workouts.

He represents clients on all sides of financial transactions - lessee/borrowers, institutional equity investors, institutional lenders and underwriters, in transactions with US, European and Asian creditors, investors and lenders. He has extensive experience in the representation of shipping companies, underwriters and private equity/hedge funds in international maritime finance and M&A-related transactions, underwriters, borrowers and other parties in domestic US energy-related financings, and various European energy companies in a broad range of financing, restructuring and M&A-related matters.

Christopher also advises clients on a wide array of general corporate and securities-related matters.

As Global Head of Asset Finance at White & Case, Christopher has led a broad-based diversification effort, which has resulted in the Firm’s Asset Finance group assuming a prominent role across a broad range of asset classes and industrial sectors.

Bars and Courts
England and Wales
New York State Bar
Education
Inns of Court School of Law
LLB
London School of Economics and Political Science
Languages
English

Experience

Maritime Related Transactions:

Operating Lessor Platform & Fleet Acquisition, 2014 – ongoing
Acting for a prominent European shipping company and a prominent US listed company, regarding the potential formation of an operating lessor platform in the dry bulk sector, and the potential acquisition of a target entity to expand its existing fleet size.

Capital Markets Debt Funding, 2013 – ongoing
Acting for various shipping companies and underwriters/placement agents in connection with innovative debt capital markets transactions which fuse existing structured financing techniques from other sectors with traditional maritime financing structures.

Private Equity/Hedge Fund Strategic & Opportunistic Investments, 2013 – ongoing
Acting for various private equity/hedge fund groups regarding fleet and/or vessel acquisitions, vessel dispositions and related charter arrangements and the formation of joint venture/strategic equity partnership arrangements.

Energy Related Transactions:

Lease Purchase of Mississippi Power Generating Facility, 2013
Representation of Bank of America Merrill Lynch and other syndicate underwriters, in connection with a US$360 million lease purchase of the 774 MW Southaven Combined Cycle generating facility in DeSoto County, Mississippi.

Financing for Mississippi Power Generating Plant, 2012
Representation of Morgan Stanley & Co. and Citigroup Global Markets Inc. as joint bookrunning managers, in connection with a 144A senior secured notes financing for the 801 MW Caledonia combined cycle generating plant located near Caledonia, Mississippi.

Lease Purchase of Tennessee Power Generating Facility, 2012
Representation of Morgan Stanley & Co. and other syndicate underwriters in connection with a US$1 billion lease purchase of the 880 MW John Sevier combined cycle generating facility in Hawkins County, Tennessee.

Restructuring of US Dollar Denominated Financings for European Utilities, 2008–2011
Representation of various European utilities, including Essent N.V. (The Netherlands) and Verbund AG (Austria), in connection with a series of restructurings, refinancings and/or terminations involving approximately US$12 billion of electrical generation, distribution and transmission asset-based financings. These representations addressed a variety of matters attributable to the aftermath of the global economic crisis of 2008, as well as various changes in U.S tax and European energy related laws – the latter of which resulted in Christopher providing supportive testimony before the Dutch parliament. Christopher also provided representations to these clients in the restructuring of Yen-denominated financings and/or the establishment of Euro-denominated revolving credit facilities.

Mandatory Unbundling of European Energy Company & Subsequent M&A Transaction, 2006–2010
Representation of Essent N.V. in connection with the mandatory unbundling of its electrical generation, transmission and distribution assets, as well as the subsequent sale of its remaining generation business and assets to a major European energy company.

Speaking Engagements

"G20: Demands of the New Normal; Marine Sector: challenges and opportunities", December 2013: London

"Barclays Distressed Debt Conference", November 2013: London

Deutsche Bank Shipping Finance Investor Workshop, June 2013: New York

Publications

Unchartered Waters For All, Marine Money International, November 2014

Latitudes – Uncharted Waters, 2013

LNG's bright future, SinoShip In Focus, 2013

Restructuring & Beyond: The marine industry's routes to safety, 2013