BANKING & FINANCE
Banking
Finance
Representative Transactions
- We advised Sumitomo Mitsui Banking Corporation, Citigroup Global Markets and JP Morgan Chase Bank, N.A., as arranger, as well as the creditors, on a loan to Global Bank Corporation for USD200 million.
- We advised Banistmo S.A. and The Bank of Nova Scotia in connection with a USD400 million credit facility granted to the Republic of Panama.
- We acted as Panamanian counsel to BNP Paribas as Lender to Canacol Energy Limited (Borrower) in a USD200 million Term Loan Credit Agreement which closed in April 2015.
- We acted as the Panamanian counsel to UBS AG in connection with the preparation, execution and delivery of, and the consummation of the transaction contemplated by, the Amendment to the USD46 million loan granted in favor of OMEGA ENERGY INTERNATIONAL, S.A.
- We acted as the Panamanian counsel to Phoenix Tower International Panama S. de R.L., and Torres Panameñas S. de R.L., as borrowers, in connection with the preparation, execution and delivery of, and the consummation of the transaction contemplated in the Term Loan Agreement of up to USD32.150 million granted by Banco General, S.A., Metrobank, S.A. and Towerbank International Inc.
- We assisted Banco General, S. A. in the structuring, documentation and execution of the Syndicated Loan to Costa Del Este Town Center Group, S.A. for USD165 million, that will be used for the development and construction of the 78,487 square meter Town Center mall, which will be located in Costa Del Este.
- We acted as local counsel to Citibank N.A., as Administrative Agent and Lenders, in a USD104 million credit agreement with Global Bank Corporation, as Borrower, Citigroup Global Markets Inc., as Joint Lead Arranger and Bookrunner, and Banco Latinoamericano de Comercio Exterior S.A. and Commerzbank Aktiengesellschaft, Filial Luxemburg, as Joint Lead Arrangers.
- We served as local counsel for Grupo Unidos por el Canal, S.A. (as borrower) in the preparation, execution, delivery and consummation of the transactions contemplated by: the USD173.3 million celebrated among the Borrower, the Original Lenders party thereto, and Banco Santander S.A., as facility agent, the USD160 million facility agreement dated as of August 4, 2014 entered into by and among the Borrower; the Original Lenders party thereto, and Intesa Sanpaolo S.P.A, as facility agent and the USD66.7 million facility agreement dated as of August 4, 2014 entered into by and among the Borrower; the Original Lenders party thereto, and KBC Bank NV, as facility agent.
- We advised Credit Suisse as Panama counsel in a loan agreement to AGP America S.A. and other borrowers.
- We represented Celsia and CTC Curazao in important credit agreement.
- We advised Credit Suisse AG, Cayman Islands Branch, as Administrative Agent and Lenders, in a USD220 million Second Amended and Restated Credit and Guaranty Agreement with Canacol Energy Ltd. and Canacol Energy Colombia S.A, as Borrowers.
- We advised The Bank of Nova Scotia, as Administrative Agent, and Banistmo S.A., as additional lender in the USD95 million syndication of a loan to Retail Centenario, S.A. for the construction of the Alta Plaza shopping mall in Panama City.
- We advised BAC International on a USD100 million corporate bond issuance and a USD100 million commercial paper issuance.
- We advised Banco General as arranger of a USD90 million public offerings of bonds of Isthmus Hydropower, Las Perlas Norte, and Las Perlas Sur.
- We advised Banco General in a USD70 million credit facility between Banco General, S.A. and London and Regional (Panama).
- We acted as Panamanian counsel to the Initial Purchasers (including Citigroup Global Markets Inc., BNP Paribas Securities Corp., among others) in connection with the purchase and sale of USD420 million 10.00% Notes due in 2019 issued by Global Ship Lease, Inc., a corporation organized under the laws of the Marshall Islands.
- We advised AES Changuinola as issuer of a USD420 million public offering of bonds.
- We represented The Bank of Nova Scotia on a USD200 million credit assignment to Consorcio Linea 1 Metro de Panama, which is the Joint Venture undertaking the construction of Panama City’s first underground metro line.
- We advised CFR INTERNATIONAL SpA, with respect to a Panamanian subsidiary in the process of securing and funding to acquire controlling stake in Adcock Ingram, one of South Africa’s leading pharmaceutical companies.
- We advised creditor banks in Felix B. Maduro Trust.
- We advised creditor banks in Soho Mall Trust.
- We advised local banks on important syndicated loan.
- We advised the initial purchasers with a USD500 million bond issuance by Empresa de Transmisión Eléctrica, S.A. (ETESA)
- We advised Credit Suisse and other lenders in connection with a credit facility of up to USD100 million for AGP America S.A.
- We advised Gas Natural Atlántico and Costa Norte LNG Terminal in connection with a bridge loan of USD610 million in order to refinance the 2016 project construction facility.
- We advised Banco General S.A. in connection with a $22.5 million secured loan to Sociedad Urbanizadora del Caribe, S.A. (SUCASA), a well-known developer in Panama.
- We advised The Bank of Nova Scotia, Banco Internacional de Costa Rica, S.A. (BICSA), Unibank, S.A. and Mercantil Banco, S.A., in connection with a secured $40 million syndicated loan to Evolution Hotel, S.A. which will be used to finance the operation of the W Hotel in Panama.
- We assisted various lenders in connection with an up to USD100 million credit facility to AGP America S.A.
- We acted as local counsel to Elliott Management Corp. (EMC) and subsidiaries, in relation to the repayment of debt owed by Synergy Aerospace Corporation, contemplated under loan agreement transaction between Synergy Aerospace Corporation and United Airlines, Inc.
- We advised Prival and Banistmo in the syndicated financing granted to Grupo EXSUSA (Universidad Latina) for the purchase of Universidad Interamericana de Panamá.
- We advised BAC International Bank in connection with a large scale securitisation with nine international investors.
- We acted as Panamanian counsel to Citibank N.A. in connection with a senior secured credit agreement and local guarantees to Aeroholding S.A. de C.V. for USD114 million.
- We advised Banistmo, S.A., Bancolombia, S.A., Banesco, S.A., St. George’s Bank & Co., Caja de Ahorros, Banco Aliado, S.A., Credicorp Bank, Banco Latinoamericano de Comercio Exterior (BLADEX), as lenders, in relation to an up to USD276 million financing provided to a Mexican joint venture composed by Inmobiliaria Citelis Panamá, S.A. and Inversiones Amilena, Inc. for the purchase of the Soho Mall.
- We represented Banistmo, S.A. in an approximately USD33 million financing for the construction and development of “Empire Residences” project.
- We represented Banistmo, S.A. in an approximately USD67 million financing for the construction and development of “Pacific Point Torre 400” residential project.
- We represented Bac International Bank, Inc. in an approximately USD35 million financing for the construction and development of PH “Greengarden”.
- We advised the Colombian power generation company, Termocandelaria, to obtain USD245 million in new credit to refinance existing debt.
- We assisted Bank of America Merrill Lynch in the structuring of a guaranteed financing and commodities framework agreement entered into with Kamca Trading for USD8 million.
- We advised The Bank of Nova Scotia (Panama Branch) in a loan to Cable & Wireless Panama, S.A. of up to USD60 million.
- We advised The Bank of Nova Scotia in a USD35 million loan to Melones Oil Terminal Inc. for the refinancing of an existing loan.
- We advised Citibank N.A. in connection with a USD50 million loan agreement to GTM Holding, S.A., GTM Do Brasil Comercio de Productos Quimicos Ltda.
- We assisted Gas Natural Atlántico, S. de R.L. and Costa Norte LNG Terminal S. de R.L., as borrowers, in an approximately USD600 million financing for the construction and development of an LNG power block and LNG terminal.
- We advised Gas Natural Atlántico II, S. de R.L., (borrower) in connection with a loan agreement of up to USD60 million entered into with The Bank of Nova Scotia (Panama Branch) for the financing of the construction of a transmission line in Panama.
- We advised Global Bank Corporation in a syndicated loan to MK Aviation S.A. of up to USD14.15 million.
- We assisted Imperia Intercontinental in connection with a USD100 million credit facility.
- We advised Banco Nacional de Panamá on international loans of up to USD150 and USD360 million respectively.
