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 US$2B 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 …
Alcogal 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 US$200 million. Alcogal’s advisory team was made up of our partner Eloy Alfaro B., along with senior associate Rita de la Guardia. This operation also …
January 2021 – Alcogal advised Banistmo S.A. and The Bank of Nova Scotia in connection with a US$400 million credit facility granted to the Republic of Panama. Partners Arturo Gerbaud and Eloy Alfaro B., together with senior associate Rita de la Guardia, participated in this important transaction. The transaction closed in December 2020.
We advised Banco Nacional de Panamá 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 US$150 million. The second transaction was in relation to a loan of up to US$360 million subscribed with Banconal COVID Relief Facility S.a.r.l, …
We assisted Imperia Intercontinental Inc., parent company of Banco Cuscatlán de El Salvador, in connection with a US$100 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 …
Alemán, Cordero, Galindo & Lee was established in 1985 and is one of Panama’s leading law firms in the banking, finance, corporate M&A, and dispute resolution areas as well as in the representation of large corporations doing business in Panama.
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