WFW advises Banco Santander on US$71.1m K-SURE loan facility for Evergreen
Watson Farley & Williams LLP (“WFW”) has advised Banco Santander, S.A. (“Banco Santander”), through its Hong Kong Branch, as lender, facility agent and security agent, and Korea Trade Insurance Corporation (“K-SURE”) on a US$77.1m K-SURE-supported term loan facility for Evergreen Marine Corporation (Taiwan) Ltd. (“Evergreen”) to finance the acquisition of four newbuilding container ships.
The container ships, which will fly under the Taiwanese flag upon delivery, are under construction at Hyundai Mipo Dockyard Co., Ltd, South Korea. The financing, which has a tenor of ten years, represents the first K-SURE-supported financing for Evergreen group.
Banco Santander, S.A. ( Banco Santander or the Bank ), pursuant to the provisions of the Securities Market Law, hereby releases the following: Banco Santander s board of directors has resolved, at the proposal of the appointments committee, to appoint Ms Gina Diez Barroso as a new independent director after having obtained the required regulatory authorisations. Ms Gina Diez Barroso, a Mexican entrepreneur, is the founder and president of Diarq Group, a Mexican company devoted to architecture and design that carries out real estate projects in Mexico and the United States, as well as of Universidad Centro, Mexico City s first university specialising in creative studies. She has a long career dating back more than 20 years in the real estate and education sectors, in addition to the experience she acquired in banking as an independent director of Banco Santander Mexico. She also has extensive knowle
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