Spiros Zavitsas
Managing Associate
Spiros is a leading shipping finance expert, known for his strategic guidance in complex financing structures and asset transactions.
Managing Associate
Spiros is a leading shipping finance expert, known for his strategic guidance in complex financing structures and asset transactions.
Languages - English and Greek
Jurisdictions - England & Wales and Greece
Spiros Zavitsas specialises in advising banks, financial institutions, alternative lenders, investors, lessors, and ship-owners in the intricate world of shipping finance. His expertise spans sustainability-linked loan facilities, syndicated loan facilities, corporate lending, and complex lease structures. Clients appreciate his ability to navigate the complexities of asset finance and leasing transactions, including loan financings, sales and leaseback transactions, and refinancings.
Spiros is acting on high-profile financings and has played a key role in the disposal and acquisition of large-scale loan portfolios for major financial institutions. His work ensures that clients can confidently manage their financial assets, knowing they are backed by robust and innovative financing solutions. He is also a thought leader, contributing articles on reputable publications including in relation to the future of LNG, the changes to the UK tonnage tax and how these impact the shipping industry and recent changes to the Greek maritime law, showcasing his deep understanding of the industry.
His clients include leading investment funds, shipping companies, LNG operators and international banks, who rely on his strategic insight and commercial acumen to achieve their financial goals.
K-sure backed ING facility
Advised on a US$71.9 million loan facility for subsidiaries of Algoma Central Corporation for the financing of two new build tankers built by the Hyundai Mipo Shipyard in South Korea.
US$500 million financing
Acted for a leading investment fund and an LNG operator on the acquisition of two new-build LNG carriers financed by ABN Amro.
Financing of six product tankers
Acted for a leading German bank in relation to a US$97.5 million facility for the financing of six product tankers, chartered to Exxon, Stena and ClearOcean.
Sale and leaseback of five LNG carriers
Acted for an LNG operator and an infrastructure fund on a sale and leaseback transaction with a Chinese leading company in relation to the acquisition of five new-build LNG carriers.
Purchase and restructuring of loan portfolio
Advised US financiers on the acquisition of a US$1.4 billion portfolio of shipping loans from a German bank, and the subsequent restructuring of the relevant loan positions.
US$170 million refinancing
Acted for a leading investment fund on the re-financing of 37 vessels (registered in different jurisdictions, including the Marshall Islands, Liberia and Cyprus) for US$170 million to a Cypriot shipping company.
