Boluda Towage’s €2.45 Billion Term Loan and Revolving Credit Facilities
July 13, 2026
Cravath represented the agent, mandated lead arrangers and lenders in connection with Boluda Towage’s €2.15 billion (equivalent) term loan facility and €300 million multi‑currency revolving credit facility. The proceeds will be used towards refinancing certain existing credit facilities and for general corporate purposes. Boluda Towage is a leading maritime services operator. The transaction closed on June 30, 2026.
The Cravath team included partner Philip Stopford, European counsel Chantelle Dovey and associates Iain Sneddon and Hannah Hinzmann on banking matters, and partner Stephen M. Kessing and associates Jack F. Chen and Luke N. White on U.S. law matters.
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People
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LPC, 2006, Oxford Institute of Legal Practicewith Distinction
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PGDL, 2005, Oxford Brookes Universitywith Merit
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B.A., 2004, University of Oxfordwith Honors
- England & Wales
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J.D., 2005, Duke Law SchoolOrder of the Coif, magna cum laude
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M.B.A., 2001, University of Southern California
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B.S., 1995, Miami University of Ohio
- New York
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LL.B., 2008, University of Johannesburgcum laude
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B.Com., 2006, University of Johannesburgcum laude
- England & Wales
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