| AMA
works for companies and investors across the industry - below is
a sample of some of our recent transactions. |
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| Ship Finance International |
| AMA identified both the equity and debt for this transaction which involved the acquisition of five new building container vessels from Korea which were to be transferred to U.S. flag. AMA structured the off-balance sheet lease and brought two public companies together in the execution of the transaction. |
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| Eitzen Group |
| AMA was retained by Norwegian public company, Camillo Eitzen to help bolster their small tanker holdings. AMA identified the target , a small privately owned French company and was able to bring a reluctant seller to the transaction. |
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| Kansas City Southern |
| AMA negotiated the leverage lease of 33 locomotives for KCS and sourced the financing from two European banks. HSH Nordbank provided the lease equity and DVB the debt. |
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| Sealift Inc. |
| As part of it’s expanding U.S. flag business AMA arranged and negotiated first the NOBLE STAR and subsequently the SAGAMORE charter to APL for the movement of restricted containerised cargoes in the Middle East and South East Asia. Originally one year contracts the terms were subsequently extended to four years.
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| Attransco (Bermuda) Ltd. |
| AMA was retained by the owner of a large minority stake in Norden A/S, a Danish public company . AMA identified a buyer for this illiquid asset and was able to achieve a price for the seller that was above the prevailing market level. |
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| OSG |
| AMA
was the financial advisor to NYSE listed OSG, one of
the world's premier shipping companies, in the raising
of a $350 million unsecured revolving credit facility.
The new bank group included many of the world's premier
maritime lending institutions but in large part helped
establish new banking relationships for the company. |
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| General
Maritime |
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AMA
was the exclusive financial adviser to General Maritime
in their acquisition of this modern fleet that included
five Suezmax and Aframax vessels and four newbuilding
contracts. The transaction involved reviewing a complex
corporate structure and of vessel ownership, management
and operations. |
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| Frontline/
Golden Ocean |
| AMA
acted as financial advisors to the Official Unsecured
Creditor's Committee of Golden Ocean Group Ltd. in the
sale of the company to Frontline Ltd for $1.8 billion
dollars. In this restructuring/ auction, the ultimate
recovery for the bondholders was 400 percent greater
than the trading low point for the notes. |
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| Oceania
Cruises |
| For
Cruiseinvest, the owner of 5 of the modern cruise ships
that emerged from the Renaissance Cruises bankruptcy,
AMA led negotiations on the start up of a new cruise
line focused on the US market. AMA reviewed several
qualified management teams, business plans, and equity
sources, and helped select the team that created Oceania
Cruises. AMA further helped design and negotiate a tailored
agreement between Cruiseinvest and Oceania that gives
Oceania flexibility in its critical start up phase,
and Cruiseinvest additional financial upside as Oceania
succeeds. |
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| American
Classic Voyages |
| AMA
acted for the estate of American Classic Voyages during
the Chapter XI bankruptcy process. AMA successfully
identified several potential buyers for the two New
Orleans based riverboat vessels and conducted an auction
of the property that was in the end able to obtain a
very high going concern multiple for a company that
was, at the time, effectively inoperative. |
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| OSG |
| AMA
was the financial advisor for OSG in the $170 million
securitization of the company's Alaska Tanker Fleet.
AMA not only arranged for the senior debt in the synthetic
lease structure, but also underwrote and funded both
the junior debt and equity components of the transaction. |
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| PLM |
| This transaction involved the acquisition of the GP interests in four publicly traded funds which owned two tankers, two bulkcarriers, 100,000 containers, twelve aircraft and miscellaneous other equipment. AMA managed the holdings and subsequently liquidated the assets at a superior return to the fund. |
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| Zim |
| ACP Fund acquired two K/S funds that controlled 4 containerships on long term charter to Zim. AMA restructured the K/S funds, removing the uncalled capital requirement and subsequently re-sold the funds within a few months at a substantial profit. |
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