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Vedder Price is pleased to announce it represented Maritime Partners, LLC, in the closing of a $750 million, first-of-its-kind, warehouse facility financing.

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The facility is collateralized by three wholly owned business lines within one of Maritime Partners’ managed funds and is funded by a syndicate of lenders led by ATLAS SP Partners. The initial portfolio includes Jones Act tankers, U.S.-flagged tankers and other vessels engaged in U.S. coastal and international trade.&nbsp; In the future, the portfolio is also expected to include an additional fleet of barges as well as newbuild vessels that are or will be operated in inland marine and U.S. coastwise trade.

“This is another important credit transaction for the Maritime Partners team, notable for including a diverse mix of maritime assets within a single warehouse financing,” said Global Transportation Finance Shareholder Clay Thomas. “This facility should position Maritime Partners very well for continued growth in the Jones Act, U.S.-flag and wider maritime industries.”&nbsp;

In addition to Thomas, the Vedder Price team included Shareholders <a href="/people/john-f-imhof/">John Imhof</a>, <a href="/people/joel-r-thielen/">Joel Thielen</a> and <a href="/people/matthew-p-larvick/">Matt Larvick</a>, as well as Associates <a href="/people/jeffrey-landers/">Jeff Landers</a>, <a href="/people/john-h-geager/">John Geager</a> and <a href="/people/troy-guglielmo/">Troy Guglielmo</a>.

Los Angeles

Clay C. Thomas

New York

Vedder Price Advises Maritime Partners LLC in 750M Warehouse Financing Transaction

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