Ardmore's $350M Refinancing Secured
Deal News | Aug 01, 2025 | Stephenson Harwood LLP
Law firm Stephenson Harwood LLP recently advised Ardmore Shipping Corporation on securing a US$350 million revolving credit facility refinancing. The credit facility was provided by Nordea Bank ABP, Filial i Norge, Skandinaviska Enskilda Banken AB (Publ), ABN AMRO Bank N.V., and Danske Bank A/S. Ardmore, which operates product and chemical tankers, pursued this refinancing to align with its operational demands and current market scenarios. Ian Mace, Global Head of Maritime Trade and Offshore Finance at Stephenson Harwood, highlighted the collaborative effort required to meet all parties' strategic goals, leveraging the firm's commercial and legal expertise.
Sectors
- Maritime
- Legal Advisory
- Financial Services
Geography
- United States – Ardmore Shipping Corporation is listed on the NYSE, showing its significant presence in the US market.
- United Kingdom – Stephenson Harwood LLP is a UK-based law firm advising Ardmore on the refinancing.
Industry
- Maritime – The article is centered around Ardmore Shipping Corporation, a company involved in owning and operating tankers for maritime trade.
- Legal Advisory – Stephenson Harwood LLP, a law firm, played a key role in advising Ardmore for the refinancing transaction.
- Financial Services – The refinancing deal involved numerous banks providing credit facilities, indicative of the financial services sector.
Financials
- US$350 million – The amount for the secured revolving credit facility refinancing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ardmore Shipping Corporation | Target Company | Company | A company that owns and operates product and chemical tankers engaged in worldwide maritime trade. |
| Stephenson Harwood LLP | Legal Advisor | Company | A law firm providing advisory services in legal aspects, specializing in maritime and finance sectors. |
| Nordea Bank ABP, Filial i Norge | Financier | Company | One of the banks providing refinancing as part of the secured revolving credit facility. |
| Skandinaviska Enskilda Banken AB (Publ) | Financier | Company | One of the banks lending financial support as part of the credit facility. |
| ABN AMRO Bank N.V. | Financier | Company | A bank involved in providing the refinancing. |
| Danske Bank A/S | Financier | Company | One of the financiers providing funds for the credit facility. |
| Ian Mace | Global Head of Maritime Trade and Offshore Finance | Person | Led the transaction from Stephenson Harwood, providing insights and guidance. |
| Vanessa Stefou | MTO Finance Associate | Person | Supported the transaction team at Stephenson Harwood. |
| Katie Horbury | Finance Managing Associate | Person | Provided advice related to derivatives in the transaction. |