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Conyers advises Barclays and JP Morgan on new US$657 million corporate debt facility for Orient-Express Hotels Ltd group – March 2014

April 2014

Conyers Dill & Pearman advised Barclays Bank PLC and J.P. Morgan Securities (as Joint Lead Arrangers) and Crédit Agricole Corporate and Investment Bank (as Senior Co-Manager) on the grant of a new senior secured US$657million 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 Ltd. 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 LLP, who advised on the New York law aspects of the transaction, as well as lawyers advising on local law aspects in each of England, Cyprus, Luxembourg, Hong Kong, Russia and Singapore.

The Orient-Express Hotels group currently embraces 45 hotel, cruise and luxury rail businesses in 22 countries and has recently rebranded a number of its business operations under the name Belmond. The Group also operates six luxury tourist trains, three river cruise operations and one of New York’s most iconic restaurants.



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