Conyers Dill & Pearman

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Conyers advises on grant of senior $657m credit facility to Orient-Express Hotels

Conyers Dill & Pearman has advised Barclays Bank and JP Morgan Securities (as joint lead arrangers) and Crédit Agricole Corporate and Investment Bank (as senior co-manager) on the grant of a new senior $657m (£390m) credit facility to Orient-Express Hotels, the US-listed luxury hotels group, comprising both term-loan and multi-currency revolving credit facilities.

The transaction was initially launched by Orient-Express Hotels on 27 February 2014 and completed on 21 March 2014, providing the group with the flexibility and liquidity necessary to execute its strategic initiatives.

Sheba Raza, counsel in Conyers’ London office, led the Conyers team, advising on Bermuda law aspects of the credit, guarantee and security documentation (with respect to the Bermuda borrower and certain Bermuda guarantors). Kathleen Moniz of Conyers’ Bermuda office also advised on the matter.

Conyers worked alongside Milbank, Tweed, Hadley & McCloy, who advised on the New York law aspects of the transaction, as well as lawyers advising on local law aspects in England, Cyprus, Luxembourg, Hong Kong, Russia and Singapore.

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