Hogan Lovells advises Nord/LB on their sale of ship loans
24 August 2016
Corporate Communications Manager Germany
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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.