Chile:
Hapag-Lloyd Obtains A USD57 Million Credit Loan Agreement
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Carey has helped German shipping company Hapag-Lloyd
obtain US$57 million to buy two vessels.
Dutch state-owned bank ABN AMRO provided the financing with the
help of Philippi Prietocarrizosa Ferrero DU & Uría
(Chile). The transaction closed on 26 April.
It is thought the Frankfurt offices of Allen & Overy LLP and
Watson Farley & Williams LLP in Hamburg advised Hapag-Lloyd and
ABN AMRO respectively, but this could not be confirmed.
The financing is secured by Chilean mortgages on the vessels.
Carey previously advised Hapag-Lloyd on its merger with
Chilean container shipping company Compañia Sudamericana de
Vapores.
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