Watson Farley & Williams advised ING Bank N.V., Singapore Branch—acting as arranger, lender and facility and security agent — on a term loan facility provided to Tank Container Investment Fund Pte. Ltd. (“TCIF”), a subsidiary of a sub-fund managed by FPG AIM Capital Pte. Ltd. (“FAC”), for the acquisition of stainless-steel tank containers.
The facility — FAC’s first fund financing — includes an accordion option for potential upsizing and incorporates interest rate hedging provisions, enabling TCIF to effectively manage rate exposure.
ING to support clients
ING is a global financial institution with a strong European heritage and an international presence. In the Asia Pacific region, ING operates across 11 markets — Australia, China, Hong Kong SAR, India, Indonesia, Japan, the Philippines, Singapore, South Korea, Taiwan and Vietnam — providing wholesale banking services.
These include corporate banking, trade finance and structured lending, enabling ING to support clients across diverse sectors with tailored and innovative financial solutions.
Finance across the marine container industries
FAC is a fund manager held by the Monetary Authority of Singapore and holds a Capital Markets Services
FAC is a fund manager regulated by the Monetary Authority of Singapore and holds a Capital Markets Services Licence for fund management under the Securities and Futures Act 2001.
FAC is part of the FPG Asset & Investment Management group of companies, a global financial services group focused on asset-based finance across the aircraft, shipping and marine container industries.
Advising on complex financings
The WFW Singapore Maritime team that advised ING was led by Partner - Lizzie Roe, supported by Associate - Milky Wong and Trainee - William Stewart.
Lizzie Roe commented: “We are delighted to have advised ING on this significant transaction, which highlights our strength in advising on complex financings and our ongoing commitment to delivering tailored legal solutions in the container financing sector.”