Global Ship Lease’s $415 Million Refinancing


Norton Rose Fulbright has advised containership charter owner, Global Ship Lease (GSL), on its $360 million bond issuance and $54.8m secured term loan facility.

GSL will use the net proceeds to refinance its existing 10% first priority secured notes due 2019. In addition, all outstanding borrowings under each of its existing revolving credit facility and existing secured term loan have been repaid and terminated.

Global Ship Lease Inc. leases container ships to liner shipping companies under long-term, fixed-rate timecharters. The company, led by Ian Webber, Vivek Puri and Thomas Lister is based in UK.

Norton Rose Fulbright team was led by Giles Brand (Picture) in London and included Brian Devine in New York, Jonathan Silver in Hong Kong and Gino Bell in Amsterdam.

Involved fees earner: Giles Brand – Norton Rose Fulbright; Brian Devine – Norton Rose Fulbright; Gino Bell – Norton Rose Fulbright; Jonathan Silver – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: Global Ship Lease;