Avenue Capital

O’Melveny represented Avenue Capital and its managed funds as an investor in a US$350 million private placement of shares in Euronav NV, an international shipping company focused on sea-borne crude oil transportation. As part of the transaction, Avenue Capital also acquired a portion of Euronav’s related offering of up to US$235 million of its mezzanine debt securities. Proceeds from the private placement paid for Euronav’s acquisition of 15 oil tankers.