Dover Harbour Board appoints Law Debenture as security trustee and registrar for the financing of the Port of Dover Expansion Project
14 December 2016
Law Debenture has been appointed as security trustee of a £200m secured financing to expand the Port of Dover Western Dock expansion project to create a purpose-built cargo and logistics facility at the port.
Royal Bank of Scotland and Lloyds Bank each provided a £35m revolving credit facility; medium term financing was provided by a £75m loan from the European investment Bank while long term financing was provided by Allianz Global Investors through a £55m private placement bond.
Law Debenture also acts as registrar through Law Debenture Corporate Services Limited.