VGSH entered into a credit and guaranty agreement providing for a senior secured term loan facility in an aggregate principal amount of up to $1,500,000,000. The loan facility will mature on June 26, 2032.
Deutsche Bank and ING acted as coordinating lead arrangers for the facility. ING also serves as facility agent and security trustee.
Reed Smith provided shipping-related legal support across the transaction, including advice on shipping security arrangements, charter documentation, vessel mortgages and registration, and insurance matters.
The firm’s cross-office team was led by partners Rob Wilkins, Antonia Panayides and Han Deng, with support from counsel Romain Farnoux and associate Sofia Ntali.
Rob Wilkins said: “We are delighted to have supported Venture Global on this significant transaction, which reflects our broad experience in complex, cross-border maritime and energy financings.”
Reed Smith’s global Transportation Industry Group provides comprehensive support in asset and equipment finance transactions across shipping, aviation, logistics, and offshore sectors. The team - made up of 150 dedicated transportation lawyers, with more than 1,000 lawyers having worked with transportation clients worldwide - advises owners, lessees, charterers, operators, financiers, investors, and manufacturers on a full spectrum of transportation-related legal needs.
About Reed Smith
Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, we deliver smarter, more creative legal services that drive better outcomes for our clients. Our deep industry knowledge, long-standing relationships and collaborative structure make us the go-to partner for complex disputes, transactions, and regulatory matters.
