Press Release
May 3, 2024

Holland & Knight Recognized with Marine Money's 2023 "Jones Act Deal of the Year" Award

WASHINGTON (May 3, 2024)Marine Money recognized Holland & Knight with its 2023 Jones Act Deal of the Year award for its work representing Centerline Logistics in connection with its $425 million debt refinancing. The firm worked as Centerline's Jones Act and maritime counsel in the transaction.

Centerline is a leading provider of marine transportation services in the U.S. Jones Act market, with operations along the U.S. West Coast (including Alaska and Hawaii), U.S. East Coast (including Puerto Rico) and U.S. Gulf Coast. Centerline's services include the transportation and storage of legacy petroleum products and modern alternative/carbon-neutral fuels.

The $425 million refinancing, comprised of a senior loan and senior and subordinate notes, is secured by a fleet of Jones Act tugs and barges collectively valued at more than $500 million. Holland & Knight's representation of Centerline on Jones Act matters, maritime contracts and vessel collateral was led by Partner Gerald Morrissey, with assistance from members of the firm's Maritime Transactions Team and Transportation & Infrastructure Industry Group.

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