Vedder Price represented Maritime Partners, LLC, as sponsor in MP 2023-1, a term securitization transaction involving the issuance of $235.3M of secured vessel notes secured by a portfolio of 316 inland marine barges and towboats.  

This is Maritime Partners’ inaugural securitization transaction and the first capital markets issuance comprised entirely of inland marine vessels.

Maritime Partners is a maritime leasing and finance company primarily focusing on vessels operating on inland waterways under the Jones Act.

The Vedder Price team was led by Global Transportation Finance shareholder Clay C. Thomas and included Global Transportation Finance shareholders John F. Imhof Jr. and Joel R. Thielen, shareholder and co-chair Securities & Capital Markets Group John T. Blatchford, Tax shareholder Matthew P. Larvick, and Global Transportation Finance associates John H. Geager and Nathan M. Telep. 

Read Maritime Partners’ press release here: 

Learn more about our Global Transportation Finance practice here.