Greenberg Traurig Acts as Investor’s Counsel for Infrastucture Investment in Greenland
CHICAGO (PRWEB) August 31, 2015 -- Attorneys with international law firm Greenberg Traurig, LLP acted as investor’s counsel to close the one of the most significant infrastructure investments for the nation of Greenland. Sikuki Nuuk Harbour, A/S, the owner of a port facility, tapped the U.S private placement market to raise the EUR59 million required to fund the construction and expansion of its port facility in Greenland’s capital city of Nuuk. The deal closed June 30, 2015.
Despite the favorable outcome, this was not a “cookie cutter” transaction and was originally offered by the issuer as an unsecured obligation. The Greenberg Traurig team engaged in months of negotiations with Danish and Greenlandic counsel and authorities to re-structure a secured deal for U.S. investors. There were innumerable legal, legislative, and technical obstacles presented by the Self-Rule Government’s laws and regulations. The Greenberg Traurig team worked tirelessly and creatively to secure a favorable set of deal terms and documentation for the fully-amortizing securities with a tenor of 21.5 years maturing in 2036.
The Nuuk port project will significantly contribute to the growth of local jobs, as well as the long-term economic growth of the country as a whole, and is scheduled for inauguration in November 2016.
The Greenberg Traurig team that worked on the transaction includes Chicago Corporate & Securities shareholders Charles J. Kolin and David J. LaSota and Associate Lonneke M. Purucker.
About Greenberg Traurig’s Corporate & Securities Practice
Greenberg Traurig’s Corporate & Securities practice is comprised of more than 400 lawyers across more than 30 offices. The group provides advice and services to public and privately held companies and entrepreneurs throughout the Americas, Europe, the Middle East, Asia, and Africa. The team brings together the strategic business, legal and market experience needed to manage and close the most complex transactions and provides practical counsel on day-to-day operations.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 1800 attorneys serving clients from 37 offices in the United States, Latin America, Europe, Asia, and the Middle East. The firm is among the 2015 BTI Brand Elite and among the most “Tech Savvy.” It was on the 2013-2015 BTI Client Service 30 listings of firms “most recognized by clients for providing excellent client service,” and one of the 2014 BTI Client Relationship Scorecard “Power Elite,” based on the nature and strength of its client relationships. More information at: http://www.gtlaw.com.
Lourdes Brezo-Martinez, Greenberg Traurig, http://www.gtlaw.com, +1 212.801.2131, [email protected]
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