WFW and Deloitte Legal advise on €35.9m Banco Santander financing for GPH
Watson Farley & Williams and Deloitte Legal have advised on a €35.9m loan granted to Global Ports Holding (GPH) by Banco Santander, via its affiliate Global Ports Canary Islands owned by Global Ports Destination Services LTD and Servicios Portuarios Canarios (Sepcan), to finance the construction and operation of the public cruise passenger terminals at the ports of Las Palmas de Gran Canaria, Arrecife and Puerto del Rosario in the Canary Islands.
Image: Jose María Anarte, WFW partner and Ignacio Echenagusia, Deloitte Legal partner.
GPH is the world’s largest cruise port operator with an established presence in the Caribbean, Mediterranean and Asia-Pacific. Established in 2004, GPH holds a unique position in the cruise port landscape, positioning itself as the world’s leading cruise port brand. It operates 30 cruise ports in 17 countries, providing services for over 20 million cruise passengers annually. GPH also provides commercial port operations, specialising in container, bulk, and general cargo handling.
WFW Madrid Finance team advising the borrower GPH was led by partner Jose María Anarte, senior associate, Antonio Cáneva and associate Arancha Ruesta.
Deloitte Legal has advised Banco Santander with a team formed by Ignacio Echenagusia (partner) and Jose Manuel Lopez (senior associate), who have been assisted by David Mena (associate). The Public and Regulatory Law team, led by Carlos Tallón (senior associate), assisted by Guillermo Bernabeu (associate), also collaborated in the due diligence process.
