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Paul Hastings Advises UBS and Merrill Lynch in $220 Million U.S. Shipping Corp. Financing

April 30, 2013

New York, NY-- Paul Hastings, a leading global law firm, announced today that the firm  represented the lead arrangers UBS AG, Stamford Branch and Merrill Lynch, Pierce, Fenner & Smith Incorporated in connection with the financing of the first lien credit facility of U.S. Shipping Corp., a leading provider of long-haul marine transportation services.  The financing consisted of a $220 million first lien term facility and $50 million second lien term facility.

Leveraged Finance partner Richard Farley led the Paul Hastings team, which included associates Seth ChandlerFelicia Yen and Mark Nylen.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.