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The banking, finance and capital markets team of Alcogal recently represented Credit Suisse and other lenders in connection with a credit facility of up to USD100 million for the German glass manufacturing company AGP America S.A. The loan is distributed in three tranches: Part A-1 of USD40 million dollars. Part A-2 of USD25 million dollars. Part …

Alcogal advised Credit Suisse on a credit facility for AGP America S.A. Read More »

This Panama immigration decree establishes that a foreigner who has worked in one or several multinational companies in Panama, may apply for the permanent resident permit, after 5 years have passed since the approval of the visa for headquarters staff of multinational companies. The 5 year period can be counted continuously or in intervals. Executive …

Executive Decree No. 238 of June 10, 2019. Permanent Residents, the Permanent Residence Permit for Personnel of Multinational Company Headquarters. Read More »

Alcogal advised Banco Panamá in connection with its acquisition by Banco Aliado by way of a merger between Grupo Centenario de Inversiones, the owner of 100% of the shares of Banco Panama, with Allied Pacific, a subsidiary of Banco Aliado, with Allied Pacific being the resulting entity in a transaction that is worth USD210 million. …

Alcogal advised Banco Panamá in connection with its acquisition by Banco Aliado Read More »

Alcogal respresented the Bank of Nova Scotia as lender to their client Worldland Investment, S.A., in connection with the Bank of Nova Scotia (lender) and a loan of USD43 million granted for refinancing their acquired debt for the construction of the commercial establishments and offices from the “Street Mall” project. Our team of lawyers in …

Alcogal respresented the Bank of Nova Scotia as lender for the “Street Mall” project Read More »

The Banking, Finance and Capital Markets team at Alemán, Cordero, Galindo & Lee recently advised Banco General S.A., as arranger and administrative agent, in connection with the structuring and registration of a USD235,000,000.00 corporate bonds issuance by Electron Investment, S.A. (EISA), a Panamanian company, as well as its public offering.  EISA will use the funds …

Alcogal advises Banco General in important corporate bonds issuance by Electron Investment, S.A. Read More »

We acted as Panamanian counsel to Global Bank Corporation in connection with a 144A/Reg bond issuance of USD300 million senior fixed to floating notes due 2029 with a rate of 5.25%, and a tender offer of approximately USD230 million. The deal closed in April 2019. Bookrunners were: Citigroup, JP Morgan. Depository: Euroclear Bank, Clearstream Banking …

Alcogal advised Global Bank Corporation with a bond issuance of USD300 million Read More »