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Watson Farley & Williams

WFW advises BW Energy on US$300m international RBL facility

Watson Farley & Williams (“WFW”) has advised BW Energy on an up to US$300m new international RBL (“reserve-based lending”) facility.  The facility will be used initially to further finance and develop the Dussafu license offshore Gabon. With an initial commitment of US$200m, the secured long-term...

WFW advises ING Bank on sustainability linked JOLCO with Stolt-Nielsen and FPG

10 August 2022 Watson Farley & Williams (“WFW”) has advised ING Bank N.V. (“ING”) as agent and security agent and ING Bank N.V., Tokyo Branch (“ING Tokyo”) as bank and mandated lead arranger on a US$127.66m sustainability-linked Japanese Operating Lease with Call Option (“JOLCO”) with...

WFW advises lenders on three sustainability-linked loan facilities for Ardmore

Watson Farley & Williams (“WFW”) has advised lenders on three new sustainability-linked loan facilities for Ardmore Shipping Corporation (“Ardmore”) signed in late July/early August 2022. The facilities will help Ardmore reduce the average credit spread of its total debt and result in annual interest...

UPDATE ON THE UK’S HYDROGEN STRATEGY: WHERE ARE WE NOW AND WHAT HAPPENS NEXT?

Article by: Watson Farley & Williams WHERE ARE WE NOW? Nearly a year on from the publication of the UK’s Hydrogen Strategy in August 2021 (see our analysis here), what progress have we seen? With commitments through to 2030, we focus here on the promises that the...

WFW advises Elawan on 440 MW Spanish PV portfolio €250m financing

Watson Farley & Williams (“WFW”) has advised Elawan Energy (“Elawan”) on a €250m debt financing for a 440 MW portfolio of nine photovoltaic plants currently under development in the Castilla La Mancha region of Spain. Santander, BBVA, MUFG, Sabadell and Intesa San Paolo acted...

WFW advises MSC on further state-of-the-art luxury cruise ship orders

Watson Farley & Williams (“WFW”) has advised long-standing client MSC Group (“MSC”) on the signing of a memorandum of agreement for two newbuilding LNG cruise ships, as it looks to expand its fleet of luxury cruise vessels under the Explora Journeys brand to six. The...