Rex Rosales
Partner

ASSET FINANCE

LONDON

T: +44 20 7814 8000
D: +44 20 7863 8975
M: +44 7824 431753

EmailE: rrosales@wfw.com

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Rex Rosales

Summary Open

Rex has been practising in the Transport Sector for nearly 25 years and has been based in Paris, Montreal and London. A true sector specialist, he advises clients on every aspect of the life-cycle of Transportation assets, from acquisition, financing, leasing, operation, maintenance, trading, disposal through to end-of-life scrapping.

Rex has particular expertise in advising clients on complex and innovative structured asset finance transactions in the Transportation (aviation, rail and shipping) Sector. The market widely recognises Rex’s work on the ground-breaking development of the use of the capital markets to finance big-ticket assets in Europe, notably acting for Iberia, Crédit Agricole – CIB and CMA CGM. He also recently advised the arranging bank and the investors on a ground-breaking capital markets structure collateralised by airport landing slots, which won Airfinance Journal’s ‘Capital Markets Deal of the Year 2015’.

Rex has also been advising financiers on the intricacies of helicopter finance and the particularities of this subset of the Aviation sector, as compared to more common commercial airliners. He is also active in the area of business jet leasing and financing, acting for financiers and owners alike.

Rex is admitted as a solicitor in England and Wales. He is also qualified as a barrister and solicitor in Quebec and is a fluent French speaker.

Experience Open

    Rex’s experience includes advising:
    • The investors, Macquarie Corporate and Asset Finance, SFM Trustees Ltd and Elavon Financial Ltd, on the launch of an innovative, first of its kind capital markets transaction for Virgin Atlantic, which allows Virgin Atlantic to raise capital through a private placement of bonds secured by a portfolio of Virgin’s arrival and departure slots at London Heathrow Airport. The deal saw Virgin Atlantic raise £220m through senior secured notes using this innovative structured financing technique. This deal won Airfinance Journal ‘Capital Markets Deal of the Year 2015’.
    • BNP Paribas in relation to the structuring, documentation, rating and listing of a bond issue by British Airways secured on a portfolio of take-off and landing slots at London Heathrow.
    • HSH Nordbank, as Aviation Counsel on the sale of a portfolio of secured loans and aircraft to Macquarie Bank.
    • The European export credit agencies in relation to the financing of six Airbus aircraft for Korean Air Lines, three A320 aircraft for CALC and three Airbus aircraft for Tunisair.
    • CIT (Business Aircraft) on a number of business jet financings for clients located in China, Korea, Hong Kong, Saudi Arabia, the UAE, Kazakhstan and the UK.
    • A family office on the refinancing of one Boeing Business Jet, arranged by a German bank.
    • Lloyds TSB Bank plc, Barclays Bank plc and Lombard North Central Plc as lenders in respect of a US$300m term loan facility for The Milestone Aviation Group Ltd as operating lessor for a portfolio of up to 20 helicopters for use by The Bristow Group Inc. in the offshore oil and gas industry.
    • Lloyds Banking Group on the PDP financing of AgustaWestland helicopters for LCI Helicopters.
    • Lombard North Central Plc on the financing of five AgustaWestland helicopters for LCI Helicopters.
    • NACCO in relation to the purchase of a portfolio of freight wagons from Eversholt Rail.
    • NACCO in relation to the purchase of a portfolio of freight wagons from Express Wagons.

Education Open

  • 1991: McGill University, Montreal LL.M., Institute of Air & Space Law
  • 1987: McGill University, Montreal B.C.L., LL.B., Faculty of Law

Membership of Professional Societies Open

  • Law Society of England and Wales
  • Barreau de Québec

Employment Record Open

  • 2010 – present: Partner, Watson Farley & Williams
  • 2007 – 2010: Partner, Reed Smith
  • 2001  – 2007: Partner, Freshfields Bruckhaus Deringer
  • 1997  – 2001: Associate, Freshfields Bruckhaus Deringer
  • 1996  – 1997: Associate, Ogilvy Renault
  • 1991  – 1995: Associate, Clifford Chance

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