On March 19, 2021, Carter Ledyard client CRX Intermodal Bermuda Ltd. completed a renewal and extension of its existing revolving warehouse credit facility, upsizing the facility from $547 million to $977 million. ING Bank N.V. served as Mandated Lead Arranger, Physical Bookrunner and Documentation Agent for the transaction. It also remains as Collateral and Administrative Agent for the facility.
CRX Intermodal Bermuda Ltd. is an affiliate of Seaco SRL, one of the world’s leading marine container leasing companies, and was represented by Carter Ledyard lawyers James Gadsden and Brielle E. Kilmartin. Steven Paul McSloy, Andris Vizbaras, Aaron Cahn, Patricia Matzye and Richard Pierson also assisted with the transaction.