Leading Associates

Banking, finance and capital markets in Bermuda

Appleby

Appleby counts banks and financial institutions among its client base, as well as ship and aircraft owners, lessors and lessees, and joint venture and project developers. The firm’s offering is broad ranging, and includes providing advice on asset-backed, project, and infrastructure financing projects, syndicated loan facilities, and security documentation reviews. Managing partner Brad Adderley leads the team, which is also home to Clive Langley, for whom international finance is a strength, and Tammy Richardson-Augustus, who acts for clients in the energy, oil and gas, and maritime industries. Jerome Wilson is notably strong in ship financing matters, and he represents lenders, borrowers, and equity sponsors. David Clark is dual-qualified in Bermuda and BVI, and he is particularly experienced in capital markets and structured finance. The ‘knowledgeable’ associate Arielle DeSilva is another key member of the practice.

Praxisleiter:

Brad Adderley


Weitere Kernanwälte:

Clive Langley; Tammy Richardson-Augustus; David Clark; Jerome Wilson; Arielle DeSilva


Referenzen

‘Highly experienced banking team.’

‘Able to advise on bank loans and securities issuances.’

‘Highly responsive, commercial, thoughtful advice.’

Kernmandanten

Centerbridge Partners L.P.


HBK Capital


Virgin Cruises Intermediate Limited


Morgan Stanley


MUFG Bank, Ltd


BTG Pactual


Conyers

Conyers is highly adept at assisting its clients with IPOs, securitisation mandates, shipping and aircraft financing, and corporate restructurings. The team is led by Marcello Ausenda and is ably supported by Victor Richards, who frequently advises banks, owners, and private equity firms on finance and transactional matters, including debt financings, with notable strength in the aircraft and shopping industry. Associate Alexis Haynes is another active member of the department and is skilled at handling cross-border corporate financing mandates and relocations. Jason Piney is another key name.

Praxisleiter:

Marcello Ausenda


Weitere Kernanwälte:

Victor Richards; Jason Piney; Alexis Haynes


Kernmandanten

Carnival Corporation


Digicel Group


Seadrill Limited


Bacardi Limited


Liberty Global


Highlight-Mandate


  • Advised Viking Holdings ltd on its initial public offering on the New York Stock Exchange.
  • Advised GasLogLtd on a sustainability-linked refinancing consisting of a USD2.8bn loan with 14 bans secured by 23 LNG carriers.
  • Advised Carnival Corporation & plc on a debt refinancing transaction resulting in approximately USD1.8bn of proceeds to the company.

Walkers

The dedicated, specialist finance practice at Walkers is well-equipped to handle high-value, cross-border mandates for international clients, including investment funds, private equity and other asset management, financial institutions, and companies in the shipping, aviation, (re)insurance, hospitality, and energy sectors. Adam Bathgate and Nathalie West jointly lead the practice; Bathgate is highly experienced in transactions involving leveraged and acquisition finance, fund finance, syndicated lending, note issuances, and regulatory capital raises, while debt finance lawyer West has been instrumental in the growth of the firm’s acquisition finance, fund finance, and CLO and securitisation expertise. Senior associate Korin Knights is skilled in aircraft and shipping finance work, while Malacia Madden boasts extensive knowledge in bilateral and syndicated lending.

Praxisleiter:

Adam Bathgate; Nathalie West


Weitere Kernanwälte:

Korin Knights; Malacia Madden; Benjamin Green


Referenzen

‘I primarily work with Adam Bathgate and Korin Knights. They have provided outstanding service in coordinating a tax restructuring.’

‘Adam Bathgate and Korin Knights are responsive and pragmatic.’

‘On a particularly complex transaction, Adam Bathgate and Korin Knights were able to produce clear and succinct advice to a number of our client’s financiers who were raising very granular queries on the nature of a restructuring, and they patiently addressed these and assisted us in triaging these.’

Kernmandanten

Axalta Coating Systems Ltd


Ares Management Corporation


Apex Group Ltd


Jefferies


Mizuho


MUFG Bank Ltd


National Westminster Bank plc


Norwegian Cruise Lines


Revoln Inc


The Bank of New York Mellon


Highlight-Mandate


  • Acted for the administrative agent in connection with Carnival Corporation’s repricing of its USD1.301bn secured term loan due August 2027 and its USD2.248bn secured term loan due October 2028.
  • Advised funds managed by Ares Management Corporation’s Private Equity Group on their investment in Virgin Voyages.
  • Advised PV01 Capital markets Ltd on the issuance of its first native digital bond on the public Ethereum blockchain which was governed by English law.

Carey Olsen Bermuda Limited

Global financial institutions, (re)insurance companies, private equity firms, pension and investment funds, and companies active in the energy, telecoms, fin-tech, and digital asset industries form the expansive client base of Carey Olsen Bermuda Limited's corporate and finance department. Its offering includes assistance with acquisition, insurance, structured, and real estate financing mandates, bilateral and syndicated lending, and restructuring and refinancing matters. It is also experienced in capital market transactions, including equity issuances and listings. The department is jointly led by (re)insurance expert Gavin Woods, fin-tech and digital asset specialist Steven Rees Davies, and  Matthew Grigg, who is skilled in structured finance and securities issuances. Other key members of the team include senior counsel Michael Frith, and counsel Charissa BallAlexander Collis, Michelle Falcucci, and Max Tetlow.

Praxisleiter:

Matthew Grigg; Gavin Woods; Steven Rees Davies


Weitere Kernanwälte:

Michael Frith; Charissa Ball; Michelle Falcucci; Max Tetlow; Alexander Collis


Referenzen

‘The Carey Olsen Bermudan team was helpful, responsive and on top of the details.’

‘I would describe them as no nonsense, and remain that way even if the work required is technical.’

‘The team is responsiveness and collaborative – they are a dynamic and engaging team with a strong bench.’

Kernmandanten

Easton Re


Ramble Re


Blackrock


Hamilton Insurance Group


Impellam Group


Highlight-Mandate


  • Advised Easton Re on its USD200m catastrophe bond offering.
  • Advised Hamilton Insurance Group, Ltd., an insurance group regulated by the Bermuda Monetary Authority, on its initial public offering on the New York Stock Exchange.
  • Advised Blackrock funds that currently hold notes in Virgin Voyages, the cruise line started by Richard Branson’s Virgin Group, on Virgin Voyages’ third round of equity funding and related debt restructuring.

ASW Law Limited

ASW Law Limited expertly handles a range of corporate finance transactions, and the team has a strength in the (re)insurance industry in particular, as well as advising companies that are active in the technology, agricultural, and oil and gas industries. Corporate lawyer Neil Horner is a noble name in the team, with expertise in funds and finance law, having also been involved in large corporate transactions in the insurance industry, as has Canadian-qualified Kim Willey. UK-qualified Hanno Tolhurst is skilled in financing matters, as well as debt raising transactions.

Weitere Kernanwälte:

Neil Horner; Kehinde George; Kim Willey; Hanno Tolhurst; Nikhil Lawton-Misra; Sangheetaa Phary


Kernmandanten

Nordic Trustee AS


Altor Capital Management as trustee for Alt Fi Income Fund


Macquarie Bank Limited


Group Unicomer


Canterbury Insurance Company Limited


F&G Annuities & Life, Inc.


Hudson Structured Capital Management Limited


Bayerische Landersbank


Royal Bank of Scotland plc


Highlight-Mandate


  • Advised Nordic Trustee AS as bond trustee and security agent on all Bermuda legal aspects of Floatel’s USD350m bond issuance.
  • Advised Macquarie Bank Limited, acting as lender, on all Bermuda aspects of a credit facility with Pipeline Investments Limited, guaranteed by Sociedad Portuaria Puerto Bahía S.A, Fronte Bahía Holding Ltd, and Frontera ODL Holding Corp.
  • Advised F&G Annuities & Life, Inc on all Bermuda legal aspects of the public offering by F&G of USD550m 6.5% senior notes due 2029.

MJM Limited

Shipping and real estate finance, corporate borrowing, capital market transactions, and restructurings all fall within MJM Limited‘s strong capabilities, acting for both local and international clients, including large banking and financial institutions. Its offering also includes advice on secured lending, acquisition finance, and enforcement of security. Practice head Jeremy Leese has expertise in multi-jurisdictional transactions, and the firm is also home to counsel Brian Holdipp, who is skilled in corporate restructurings and cross-border financings. Counsel Mark Adams is another active member of the team.

Praxisleiter:

Jeremy Leese


Weitere Kernanwälte:

Brian Holdipp; Mark Adams; De Waal Nigrini


Referenzen

‘The team is able to provide effective advice and contextualize for non-Bermudan attorneys and clients, and to bring to bear resources in all areas necessary for transactions (in this case, real estate transactions) across general corporate, as well as specialists for real estate and litigation.’

‘Mark Adams was a fantastic point of contact and coordinator for all of the Bermuda components of the transaction, and was able to handle the matter efficiently and in a manner that made the lives of the U.S. attorneys significantly easier.’

‘MJM has provided support for many years regarding compliance across multiple sectors, including Monetary Authority’s due diligence, regulatory and telecommunications.’

Kernmandanten

Avance Gas Holding Ltd.


Archer Limited


Borr Drilling Ltd.


Clarien Bank Limited


Flex LNG Ltd.


2020 Bulkers Ltd.


Golar LNG Limited


Golden Ocean Group Limited


Himalaya Shipping Ltd.


HSBC


Northern Drilling Ltd.


Northern Ocean Ltd.


SFL Corporation Ltd.


Highlight-Mandate


  • Advised Eurazeo S.E. on its GBP355m investment in BMS Group.
  • Advised ABG Sundal Collier and Pareto Securities on the USD250m Seacrest Petroleo IPO.
  • Advised SFL Corporation Ltd. on its USD125m bond offering.

Wakefield Quin

Erik Gotfredsen and Ian Stone jointly chair the corporate department at Wakefield Quin, within which sits the firm’s finance offering. The team is adept at handling a range of mandates, including those involving banking and structured finance, public and private offerings, debt and equity securities, and reorganisations and restructurings. Real estate projects are also a key area of activity for group. Gotfredson is especially skilled in matters surrounding debt and equity offerings, while Stone’s core expertise lies in IPOs and capital market transactions.

Praxisleiter:

Erik Gotfredsen; Ian Stone


Weitere Kernanwälte:

Johann Oosthuizen; Alex Evans; Jemima Fearnside


Referenzen

‘Excellent. Always timely, always thoughtful, always commercial.’

‘Superb client service meaning availability, pragmatism, and deep experience.’

‘Ian Stone delivers.’

Kernmandanten

Accenture Group


Altamont Capital Partners


ATN International, Inc.


Bermuda Broadcasting Company Limited


Crédit Agricole Corporate and Investment Bank


National General Insurance Group


Nordic Trustee ASA


Seacrest Group


The Carlyle Group Inc.


VEON Ltd.


Highlight-Mandate


  • Advised Crédit Agricole Corporate and Investment Bank on the refinancing of $2.6bn of letters of credit and term loan facilities in favour of McDermott International, Ltd.
  • Advised Sonnedix Power Holdings Ltd on its syndicated loan financing of €500m to fund renewable energy pipeline projects.
  • Advised Nordic Trustee AS, as bond trustee, on a $315m 4.5-year senior secured first lien Nordic bond issued by Shelf Drilling (North Sea), Holdings Ltd.