In February 2022, Carter Ledyard client Seaco SRL, with its affiliates, one of the world’s largest marine shipping container companies, completed a series of seven transactions across more than $5 billion in debt facilities, to amend each of the facilities to remove or revise provisions related to change of control events that would potentially have interfered with the companies’ capital structure in the future. The transactions covered seven different financing structures, requiring consents, disclosures, and filings in multiple international jurisdictions.
Carter Ledyard partners James Gadsden and Steven Paul McSloy, and associate Jennifer L. Frank represented Seaco and its affiliates, with assistance from partners Jennifer MacDonald and Richard Pierson.