Banco Santander, S.A.’s $80 million Financing to Portren, S.A.

Clifford Chance and Guyer & Regules advised, together with Guyer & Regules as Uruguayan counsel, Banco Santander, S.A. on the deal. Posadas, Posadas & Vecino advised Portren S.A., Christo phersen S.A. and Cointer Concesiones, S.L. Dentons Jiménez de Aréchaga acted for the trustee.

Banco Santander, S.A. granted a EUR 81.337.656 CESCE covered financing and a EUR 15.491.358 commercial financing to Portren, S.A., Uruguayan subsidiary of Cointer Concesiones, S.L. and Christophersen, S.A.

The financing was granted in the context of an Uruguayan law governed long term railway services agreement entered into by Portren, S.A. and Blanvira, S.A., Uruguayan subsidiary of UPM-Kymmene Corporation.

The Clifford Chance core team consisted of Madrid Banking & Finance lawyers Antonio Sánchez-Cirujano , Juan Puras, María Vispo and partner José Guardo (Picture). The core team was supported by members of the Litigation (Ignacio Díaz) and Tax (Roberto Grau) team.

In Uruguay, Guyer & Regules advised the Banco Santander with a team including Federico Piano and Johnatan Clovin

Posadas, Posadas & Vecino advised Portren S.A., Christo phersen S.A. and Cointer Concesiones, S.L. with Gerardo Caffera and Lucía Carbajal.

Dentons Jiménez de Aréchaga advised the trustee with a team including Nicolás Herrera Alonso, Magdalena Secco and Maite Gaynicotche.

Involved fees earner: Ignacio Díaz – Clifford Chance; Roberto Grau – Clifford Chance; José Guardo – Clifford Chance; Juan Puras – Clifford Chance; Antonio Sánchez-Cirujano – Clifford Chance; Maite Gaynicotche – Dentons – Jiménez de Aréchaga, Viana & Brause; Nicolás Herrera Alonso – Dentons – Jiménez de Aréchaga, Viana & Brause; Magdalena Secco – Dentons – Jiménez de Aréchaga, Viana & Brause; Johnatan Clovin – Guyer & Regules; Federico Piano – Guyer & Regules; Gerardo Caffera – Posadas, Posadas & Vecino; Lucía Carbajal – Posadas, Posadas & Vecino;

Law Firms: Clifford Chance; Dentons – Jiménez de Aréchaga, Viana & Brause; Guyer & Regules; Posadas, Posadas & Vecino;

Clients: Banco Santander Sa; Christo phersen S.A.; Cointer Concesiones SL; Portren S.A., Christo phersen S.A. and Cointer Concesiones, S.L. Trust; Portren SA;

Federica Tiefenthaler

Author: Federica Tiefenthaler