Orrick Sponsors Marine Money’s Houston Offshore Finance Forum
Sponsored Event | May.02.2018
St. Regis Hotel, HoustonOn May 2, 2018, Orrick will sponsor Marine Money’s 8th Annual Houston Offshore Finance Forum, where partner Bill Haft will discuss the most significant aspects of the Ocean Rig transaction. The forum is dedicated to business opportunities between shipowners and the international capital markets, covering topics on the latest deals structures, pricing, and financing techniques used as well as details on the lenders, principals, and investors involved.
Complex as any recapitalization of a multinational corporation could be, the Ocean Rig restructuring set a number of precedents and showed the path for future transactions with a number of groundbreaking features. Ocean Rig's $3.7 billion restructuring made headlines, not only for its size but for a structure implemented via a number of interconnected Cayman schemes of arrangement which were recognized by a U.S. Bankruptcy Court. Notwithstanding the support from the overwhelming majority of creditors, the implementation was hotly contested in both the United States and Cayman.
Practice:
- Finance Sector
- Banking & Finance
- Corporate Lending
- Structured Finance
- Restructuring
- Mergers & Acquisitions
- Asset‐Backed Securities
- Maritime Finance
- Private Credit
- France
- Africa
William S. Haft Partner
New York
Bill regularly advises clients on cross-border matters, including transactions in the maritime, energy and infrastructure and technology sectors. He has particular experience in the maritime sector, having guided various market participants on numerous complex international shipping and offshore corporate and capital markets deals and restructurings.
Reflecting feedback from his clients, Bill was named a BTI “Client Service All-Star” and is described by an IFLR1000 client commentator as “extremely responsive” with a “deep spectrum of knowledge,” in Banking and Finance.
Before joining Orrick in 2002, Bill practiced with two other international law firms in New York and Paris.