Keystone Law have assisted a Greek shipowner and a reputable Greek law firm, Bernitsas, on a US$143 million refinancing of dry bulk carriers with an international financial institution. The refinancing comprised principally of a senior term loan and a junior bond. Ship finance specialist Anastasia Papadopoulou advised on the finance structure and the various finance documents including the creditors’ security profile and documentation.

Recognised by leading legal directory The Legal 500, Keystone’s burgeoning shipping team now comprises 16 partner-level lawyers with expertise spanning the full spectrum of relevant issues. The team also has distinct and unique international capabilities.

Anastasia said of the deal:

“It was a real pleasure to work with Bernitsas Law Firm on this transaction on matters of English law. Keystone Law is increasingly collaborating with top law firms in Europe and overseas on English law matters and we want to be seen as a friendly law firm to work with on such matters.”

Panayotis Bernitsas of Bernitsas Law Firm said:

“Thank you very much for the seamless collaboration between our two firms.”

The client added:

“Anastasia’s knowledge of UK Law and the Shipping Industry were instrumental in the successful completion of this transaction.”