WFW advises First Citizens Bank on US$123m Greek shipping loan portfolio acquisition

Watson Farley & Williams (“WFW”) advised First Citizens Bank (“FCB”), on its acquisition of a US$123m portfolio of 11 shipping loans previously held by HSBC Bank PLC (“HSBC”). The loans acquired pertain to 14 vessels owned by eight different ship owners. A longstanding leader in Greek maritime finance, HSBC has recently been divesting itself of …

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