Stephenson Harwood advises Peacock on US$350 million loan

Law firm Stephenson Harwood LLP has advised a syndicate of lenders, comprising of ABN AMRO Bank, ING Bank, Everbank, Clifford Capital, KeyBank and CIC and new joiners, Landesbank Hessen-Thüeringen Girozentrale (Helaba) and Credit Agricole Corporate and Investment Bank, on the increase and extension of Peacock Container Group's ('Peacock') existing sustainability-linked loan.

The matter involves increasing Peacock's debt facility to the equivalent of US$350 million, and strengthening the lending group with two new lenders, both of whom have a track record in funding the intermodal transport sector. These enhancements will enable Peacock to fulfil its strategic future growth plans.

This deal is the latest in a series of financings the firm has completed for Peacock, an ISO tank container leasing company, which owns and operates a fleet of approximately 24,000 tank containers with capacities between 13,000 and 35,000 litres, and has operations in Rotterdam, Singapore and Houston.

The Stephenson Harwood team was led by banking and finance partner Gregory Xu, who was supported by associate Kenneth Kwok and paralegal Dan Tan. Further advice was provided by Virtus Law partner Jason Yang, and associates Angeline Yap, Thiyana Ilangchizian and Xuan Ting Sim.