Alcogal acted as Panamanian legal advisor to IDB Invest in its participation as anchor investor in Banistmo S.A.’s sustainable bond issuance for a total amount of US$100 million. This transaction, which involves the subscription of IDB Invest bonds in Panama’s public securities market, aims to expand access to credit for women-led SMEs and support projects …
Alcogal advised Banco Ficohsa (Panama), S.A. on the registration of its Corporate Securities Revolving Program for up to US$30,000,000.00, structured by Global Bank Corporation. The transaction involved our partner Rafael Marquínez, together with associate Lilah Levin, reaffirming the firm’s commitment to legal excellence in the Panamanian capital markets. Through this engagement, Alcogal strengthens its role …
We acted as Panamanian legal advisors in Bladex’s first international AT1 bond issuance, which reached an amount of US$200 million and received strong interest from international investors. The transaction featured Bank of America Securities and J.P. Morgan Securities, LLC as lead coordinators, and Jefferies as co-manager.The lawyers involved in this transaction were Arturo Gerbaud, Rita …
Our firm provided legal counsel, achieving the incorporation of BBVA Colombia into Panama’s prestigious International Banking Center. This milestone not only represents a strategic step for BBVA Colombia in its expansion, but also reaffirms Panama as a key and robust jurisdiction for regional financial operations.
Alcogal advised on the structuring of financing for Grupo Nutresa in Colombia, a transaction valued at USD 2 billion. Grupo Nutresa is one of the leading food conglomerates in Latin America, with operations in over 14 countries and a presence in more than 80 markets. This transaction involved partners Arturo Gerbaud and Patricia Cordero, associate …
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 …
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 USD200 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 USD400 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 USD150 million. The second transaction was in relation to a loan of up to USD360 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 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 …
