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Exit Strategy

When ESG concerns cause Reeperbahn Landesbank to sell his $750 million credit facility to “Loan-Own-Capital,” a New York distressed fund, Norwegian shipping magnate Coco Jacobsen is forced to make a tough decision: put in another $100 million to defend his fossil fuel dependent company — or toss the keys to the hedge fund and disappear on his yacht. But when Coco learns that one of his lenders is a Sopranos-style money laundering operation that doesn't take kindly to losing money, he enlists his estranged CFO, Robert Fairchild, to get creative about saving his fleet — and maybe even the entire shipping industry.

Exit Strategy