6 September 2016
International law firm Watson Farley & Williams (“WFW”) has advised long standing client Nordea on the following two financings:
The WFW London teams advising Nordea on both transactions were led by London asset finance partner Michael O’Donnell. He was assisted on the first matter by senior associates Delphine Joly and Juan Sierra, with WFW New York providing Liberian law assistance. On the second matter, he was assisted by associates Nigel Willis and Joanna Goode.
Michael commented: “WFW have acted for Nordea and a number other lenders on their financings for both SCF and Scorpio Tankers over a number of years and we were very pleased to have done so for them again on these two new significant loan facilities. The first helped financed SCF’s acquisition of the Primorsk ships following their successful auction bid, while the second refinances a loan facility documented by WFW New York and with the incremental facility providing an option for the company to refinance indebtedness on certain additional ships”.