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Latin Lawyer

Hapag-Lloyd obtains a USD57 million credit loan agreement

11 May, 2016 by Vincent Manancourt

Carey has helped German shipping company Hapag-Lloyd obtain US$57 million to buy two vessels.

Dutch state-owned bank ABN AMRO provided the financing with the help of Philippi Prietocarrizosa Ferrero DU & Uría (Chile). The transaction closed on 26 April.

It is thought the Frankfurt offices of Allen & Overy LLP and Watson Farley & Williams LLP in Hamburg advised Hapag-Lloyd and ABN AMRO respectively, but this could not be confirmed.

The financing is secured by Chilean mortgages on the vessels. Carey previously advised Hapag-Lloyd on its merger with Chilean container shipping company Compañia Sudamericana de Vapores.

Counsel to Latin Lawyer

Counsel to Hapag-Lloyd
In-house counsel – Magdalena Lira, Eduardo Estay, Henning Wiese and Beate Flach

Partners Diego Peralta and Marcos Rios, and associates Elena Yubero, Juan Pablo De La Maza, and Elvira Vial

Counsel to ABN AMRO

Philippi Prietocarrizosa Ferrero DU & Uría (Chile)
Partner Marcelo Armas, and associates Marcela Silva and Daniel Parodi