Transactions

Alcogal Advises on Panama’s First Public-Private Partnership (PPP)

Panama City, Panama —The law firm Alcogal advised Intervial Chile S.A. on Panama’s first Public-Private Partnership (PPP). PPPs are long-term contracts signed between one or more public entities and the private sector to create, develop, improve, or maintain public infrastructure to deliver public services. The PPP regime in Panama was created by Law No. 93 …

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Alcogal advised Multibank, Inc. with the registration of subordinated corporate bonds

“Alemán, Cordero, Galindo & Lee (Alcogal) advised Multibank, Inc. with the registration of subordinated corporate bonds for USD100 M. Alemán, Cordero, Galindo & Lee (Alcogal) represented Multibank, Inc. (the “Issuer”) (i) with the registration of subordinated corporate bonds for USD100M, through the abbreviated registration process for recurring issuers before the Superintendency of Capital Markets, for these to …

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 Alcogal advised Phoenix Tower International

Alemán, Cordero, Galindo & Lee (Alcogal) advised its long-term client Phoenix Tower International in combining, amending, and restating five senior secured credit facilities to consolidate into one USD2B senior secured multi-facility transaction covering all North America and South America, including the corresponding amendments to PTI’s local security package. The team comprised Alcogal’s lawyers, Rita de …

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Alcogal advised Banco General, S.A., as arranger, in connection with the registration of the common shares of Supermercados Xtra, S.A.

Alemán, Cordero, Galindo & Lee (Alcogal) advised Banco General, S.A., as arranger, in connection with (i) the registration of the common shares of Supermercados Xtra, S.A. with the Superintendence of Capital Markets (SCM) and their corresponding in the Latin American Stock Exchange (Latinex) for their negotiation in the secondary market, resulting in a USD45.6M equity …

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Alcogal advised Grupo Aval in its corporate reorganization process

Alcogal advised Grupo Aval in its corporate reorganization process. This reorganization resulted in the spinoff of a 75% equity stake in its indirect subsidiary BAC Holding International Corp. (BHI), in favor of its shareholders and the shareholders of Banco de Bogota (prior to the spinoff, the direct owner of BHI). BHI is the Panamanian holding …

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Alcogal advised Grupo APC in the majority sale of its subsidiary APC Buró

Alcogal advised Grupo APC, S.A. in the sale of a majority stake in its subsidiary APC Buró, S.A., to Experian Latam Holdings Unlimited, a member of the Experian group.  APC Buró, the sole credit bureau in Panama, began operations in 1957 providing valuable consumer credit reports. Experian is a world leader in information services helping …

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