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 partner Matt Roose, and tax partner Jim Brown.
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