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WFW advises Banco Santander on US$71.1m K-SURE loan facility for Evergreen | Hellenic Shipping News Worldwide


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. ....

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