Watson Farley & Williams has advised Standard Chartered Bank, ING Bank and Rabobank, in a US$125 million loan to UAE-based Lamnalco, a provider of towage and associated marine services to the oil and gas terminal industry.
Lamnalco has supplied vessels, pilots, marine, logistics and diving services to ports, harbours and oil terminals at 25 locations worldwide for 40 years.
Standard Chartered acted as structuring bank, agent and security trustee in the refinancing transaction. The firm’s advisory team was led by Singapore-based partner Chris Lowe.