The Firm recently represented Kohlberg Kravis Roberts & Co. L.P. (“KKR”) and MerchCap Solutions LLC (“MCS”) in the formation of Maritime Finance Company, a new specialty finance company created to lend to the maritime industry. Maritime Finance will initially be capitalized with $580 million of equity, over 45% of which has been provided by KKR and its affiliates. The balance of the capital was arranged by MCS. The transaction closed on August 19, 2013.
The Simpson Thacher team for the transaction includes Joe Kaufman, Lia Toback, Will Golden, Kyle Scherer and Jessica Garcia (Capital Markets); Justin Lungstrum and Christopher Bell (Credit); Jason Herman (Private Funds); Andrea Wahlquist, Jeanne Annarumma and Brittany McCants (Executive Compensation and Employee Benefits); and Steve Todrys, Katharine Moir and Jason Vollbracht (Tax).
