Vedder Price Advises Maritime Partners on $235.3MM Securitization
JUN 1, 2023 - 7:06 am
Vedder Price represented Maritime Partners, a maritime leasing and finance company primarily focusing on vessels operating on inland waterways under the Jones Act, as sponsor in MP 2023-1, a term securitization transaction involving the issuance of $235.3 million of secured vessel notes secured by a portfolio of 316 inland marine barges and towboats.
This is Maritime Partners’ inaugural securitization transaction and, according to Vedder Price, the first capital markets issuance comprised entirely of inland marine vessels.
The Vedder Price team was led by Clay C. Thomas, global transportation finance shareholder, and included John F. Imhof Jr. and Joel R. Thielen (global transportation finance shareholders), John T. Blatchford (shareholder and co-chair of the securities and capital markets group), Matthew P. Larvick (tax shareholder), and John H. Geager and Nathan M. Telep (global transportation finance associates).
“Conduct yourself in every situation as if there was a spotlight on you and everyone can see what you’re doing behind the scenes. Do what’s right. If you do what’s right and work hard, then you’ll be successful.” Bette Kerhoulas’... read more
“[Miles] will go out of his way to make sure the people around him have everything they need to go as far in their careers as they want.” – Michelle Speranza, Chief Marketing Officer, LEAF Before he began to consider... read more