CHICAGO – Vedder is pleased to announce it has once again been recognized by Marine Money with the 2025 “Securitization Deal of the Year” award, reflecting its transactional representation for Maritime Partners.
In November 2025, Maritime Partners closed a $281.7 million asset-backed securitization for MP 2023 LLC, with a group of structuring agents led by Atlas SP and Deutsche Bank, along with Bank of America as joint bookrunner. This Series 2025-1 transaction was the second series of secured vessel notes issued by MP 2023 LLC, with the note proceeds used to finance the acquisition of an additional portfolio of marine barges and towboats.
Vedder acted as legal counsel to the issuer, MP 2023 LLC, and the servicer, Maritime Partners, LLC, in connection with the transaction, supporting the successful execution of this award-recognized deal.
The Vedder team was led by Global Transportation Finance Shareholder Clay Thomas, along with Shareholders Joel Thielen, John Imhof, Matt Larvick and Kevin MacLeod as well as Associates Jeff Landers and Troy Guglielmo.
“We are very honored to again have received this recognition as a result of our strategic work and we are happy to see that now acknowledged this year by Marine Money,” said Global Transportation Finance Shareholder John Imhof.
