We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you agree to our use of cookies. To close this message click close.

Hogan Lovells advises Nord/LB on their sale of ship loans

24 August 2016

Press Contact

Peter Herkenhoff

Corporate Communications Manager Germany
Dusseldorf
+49 211 13 68 469

Led by their Frankfurt based partner Julian Fischer, international law firm Hogan Lovells has advised Nord/LB on a conclusion of an agreement on selling ship loans totaling $1.5 billion.

Provided that certain conditions are met, KKR Credit together with a state fund will acquire a portfolio of performing and non-performing loans for 100 ships of the bank's books. The deal is expected to be structured as a securitization and to close in the fourth quarter.

Julian Fischer has advised Nord/LB during their contract negotiations and due diligence. Dietmar Helms has advised the securitization and Heiko Gemmel has counseled the tax issues.

"Our team is very happy to support Nord/LB in this complex transaction, which marks their first scheduled step in reducing their loan portfolio", said Julian Fischer.

The team

 
Loading data