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Mayer Brown represents CIMC on innovative $450 million direct-pay letter of credit backed Euro-commercial paper programme

25 May 2016

London – Mayer Brown has advised CIMC Fortune Holdings Limited and China International Marine Containers (Hong Kong) Limited (CIMC), part of the largest container manufacturing group in the world, on the establishment of a $450 million Euro-commercial paper (ECP) programme supported by a direct-pay letter of credit issued by a Chinese financial institution of international repute.

The transaction marks one of the first direct-pay letter of credit backed ECP programmes established in the European capital markets. Goldman Sachs International acted as structuring advisor and arranger.

The Mayer Brown team was led by Banking & Finance partner James Taylor (London) and Corporate & Securities partner David Bakst (New York) and included Banking & Finance partners Trevor Wood and Stephen Walsh, of counsel Gary Silverman and associate Angeli Sunmonu (all London); Restructuring, Bankruptcy and Insolvency partner Devi Shah and of counsel Alexandra Wood (both London); and Corporate & Securities partner Phill Smith and associate Clare Yim (both Hong Kong).

Media Contact

  • Helen Obi
    Senior Corporate Communications & PR Manager
    T +44 20 3130 8527
  • Katie Tibbitts
    Senior PR Executive
    T +44 20 3130 8120

Related Information

  • Related People
    James Taylor
    T +44 20 3130 3136
    David S. Bakst
    T +1 212 506 2551
    Trevor Wood
    T +44 20 3130 3373
    Stephen Walsh
    T +44 20 3130 3931
    Gary Silverman
    Of Counsel
    T +44 20 3130 3486
    Angeli Sunmonu
    T +44 20 3130 3274
    Devi Shah
    T +44 20 3130 3669
    Alexandra Wood
    Of Counsel
    T +44 20 3130 3717
    Phill Smith
    T +852 2843 2528

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