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For Immediate Release
Contact: Melinda M. Bascone
Director of Marketing
Carter Ledyard & Milburn LLP
212-238-8753
info@clm.com

CARTER, LEDYARD & MILBURN ASSISTS ORIENT-EXPRESS HOTELS IN CLOSING LOAN

On May 22, 2002, Orient-Express Hotels Ltd. (NYSE: OEH), wholly-owned leisure business subsidiary of firm client Sea Containers Ltd., closed $65 million in loans from Credit Lyonnais and Aareal Bank secured by a mortgage on the Charleston Place Hotel in Charleston, South Carolina. The bulk of the loan proceeds were used to refinance the existing mortgage held by Scotiabank. Cully Irving, Patricia Matzye, Melinda Poon, Stephen Nahley, Jasen Kisber and Carey Williams worked with Sea Containers counsel Roz Krakauer on the transaction.

Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.

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