News & Insights


April 14, 2020

King & Spalding Advises on Marine Money’s Offshore Innovation Deal of the Year

TOKYO, April 14, 2020 — Marine Money magazine has honored King & Spalding for its work representing MODEC in a transaction that garnered the Offshore Innovation Deal of the Year honor in its 2019 Deal of the Year Awards issue.

King & Spalding helped advise offshore floating platform operator MODEC issue notes worth US$1.1 billion to refinance an offloading unit in Brazil. According to the publication, the deal was the first-ever for a project bond that will open a “greatly needed pool of capital that will facilitate the next cycle of industry investment.” The King & Spalding team on the deal was led by partners John McClenahan and Mark Davies, counsel Kevin Manz, and associates Katie Weiss, Jonathan Wang, Rami Mosrie, and Adrian Karas. 

To read more about the deal, click here

About King & Spalding
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 1,100 lawyers in 21 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at