Dentons advised syndicate of banks on the financing
The syndicate of banks (comprised of Senior Facility Agent & Security Trustee – National Australia Bank; Mandated Lead Arrangers, Joint Bookrunners, Senior Lenders and Hedging Banks – National Australia Bank, Société Générale and Standard Chartered Bank; Account Bank and Hedging Coordinator – Standard Chartered Bank; and Junior Facility Agent, Junior Arranger, Lease Arranger and Junior Lender – Banco Santander) granted an English law governed US$166 million syndicated lease financing of international logistics group Tristar to part finance the purchase of six chemical tankers from a shipyard in Ulsan, South Korea.
The matter involved senior and junior financing tranches and multiple jurisdictions including Australia, the Dubai International Financial Centre, England, Hong Kong, India, Ireland, the Marshall Islands, the Philippines, Singapore, South Korea and the United Arab Emirates.
The Dentons Abu Dhabi team was led by managing partner Paul Jarvis (Picture), with assistance from senior associate Nathaniel Armstrong advising the junior financier Banco Santander in its various roles.
The Dentons London team was led by partner Sarah Dyke with assistance from counsel Lee McLernon, senior associate Rebecca Urry and junior associate Olivia Feeney advising the senior financiers National Australia Bank, Société Générale and Standard Chartered Bank in their various roles.
Law Firms: Dentons;