Ropes & Gray represented the group of existing securitization bondholders in connection with a secured bond exchange for Centerline Logistics (formerly Harley Marine), dismantling the securitization and replacing it with a new multi-tranche secured bond alongside a new credit facility provided by a new lender.
This exchange transaction and new credit facility will provide Centerline with enhanced financial flexibility and resources to continue pursuing its long-term strategic objectives, including the growth of Centerline’s energy transportation business. The deal was announced in a Dec. 21, 2023 press release.
The Ropes & Gray team was led by finance partners Sam Badawi and Leonard Klingbaum and included finance partner Patricia Lynch, business restructuring partners Ryan Dahl and Matt Roose, and tax partner Jim Brown.
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