Stephenson Harwood (Singapore) Alliance advises KfW IPEX-Bank on an $80 million sustainability-linked financing for X-Press Feeders

Finance | 09/04/2026

Stephenson Harwood (Singapore) Alliance has advised KfW IPEX-Bank on an $80 million sustainability-linked, secured revolving credit facility (RCF) to X-Press Feeders, a Singapore-based container feeder operator.

The firm acted for KfW IPEX-Bank in its capacity as Agent, Security Agent and sustainability coordinator. This RCF features a sustainability-linked margin adjustment, with a key performance indicator linked to the reduction of carbon intensity. The proceeds of the financing are intended to support X-Press Feeders’ fleet renewal plans, fuel efficiency technology on board its vessels and related initiatives aligned with its decarbonisation plans.

The Stephenson Harwood team was led by Singapore-based Partner Pedram Norton who was supported by Associates Yin Ling Ng and Michelle Lam. Singapore law advice was provided by Virtus Law Partner Colin Jarraw, who was supported by Associate Jamie Loh and Senior Paralegal Sylvia Lisa. Liberian law advice was provided by Athens-based partner Vanessa Tzoannos.

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