We advised Banco Nacional de Panamá, as banking lawyers in Panama, in connection with two international loans with MIGA guarantee. In the first transaction, Societe Generale Paris participated as lenders and had a value of up to USD150 million. The second transaction was in relation to a loan of up to USD360 million subscribed with …
August 2020 – Alcogal’s corporate and M&A team recently represented and assisted the Latin American financial group, Grupo Aval, through its subsidiary Leasing Bogotá SA, Panamá, in connection with the acquisition of 96.6% of Multi Financial Group Inc., holding company of Multibank Inc., and affiliates. Multibank, is the third largest bank in Panama and will …
Alcogal assisted Grupo Aval in the acquisition of Multi Financial Group Inc. Read More »
Alcogal assisted Imperia Intercontinental Inc., parent company of Banco Cuscatlán El Salvador, in connection with a USD100 million credit and guarantee agreement entered into with Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) and JP Morgan Chase, as lead arrangers, and the lenders thereto in order to finance the acquisition by Imperia of Scotiabank’s banking and …
March, 2020- Alcogal, Panamanian Capital Markets Lawyers, advised BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC as the dealer managers of the exchange operation of senior bonds due in 2020 of up to USD550,000,000, issued by Avianca Holdings, S.A. which aimed, among …
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 …
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 …
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 »
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