Stephenson Harwood with NBF and TAEF on financing facility
Stephenson Harwood advised the National Bank of Fujairah PJSC and The Arab Energy Fund as providers of a US$300 million financing facility to Stanford Marine and Allianz Marine Services, both managed by asset management and investment banking platform SHUAA.
The context
All proceeds from the financing – a single loan facility – will be re-invested into the growth of SHUAA’s shipowning subsidiaries, Stanford Marine and Allianz Marine Services.
The two maritime logistics providers operate the largest fleet of owned and chartered OSVs in the Middle East, encompassing platform supply vessels, anchor handling tug supply vessels, crew boats, accommodation barges and flat barges.
The team
Dubai-based banking and finance partner, Rustum Shah, and maritime finance managing associate Chinar Zaidi co-led the Stephenson Harwood team on the matter. The team further included maritime finance associate Shwini Dsouza as well as banking and finance associate Punte-â Hosseini.
Moreover, partner Gregory Xu, Virtus Law partner Jason Yang, and senior paralegal Sylvia Lisa provided further support from the firm’s Singapore team in relation to Singapore and Liberia aspects of the operation.
