Finance

Alcogal acted as Panamanian legal advisor to Bank of America Securities, J.P. Morgan Securities, and Jefferies in Bladex’s first international AT1 bond issuance for USD 200 million.

Banking, Capital Markets, Finance, Transactions /

We acted as Panamanian legal advisors in Bladex’s first international AT1 bond issuance, which reached an amount of USD 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,

Alcogal acted as Panamanian legal advisor to Bank of America Securities, J.P. Morgan Securities, and Jefferies in Bladex’s first international AT1 bond issuance for USD 200 million. Read More »

Alcogal advised Scotiabank as arranger and 14 banks on a syndicated loan for Naturgy Panama

Banking, Energy and Natural Resources, Finance, Transactions /

Alcogal acted as legal counsel to Scotiabank, as arranger, and to a syndicate of 14 banks, in a USD 350 million syndicated loan granted to Naturgy Panama. The transaction supports the operations and strategic initiatives of a key player in the country’s electricity distribution sector.

Alcogal advised Scotiabank as arranger and 14 banks on a syndicated loan for Naturgy Panama Read More »

Alcogal advised BBVA Colombia in the process of obtaining its International Banking License before the Superintendency of Banks of Panama (SBP).

Banking, Finance, Transactions /

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 BBVA Colombia in the process of obtaining its International Banking License before the Superintendency of Banks of Panama (SBP). Read More »

Alcogal participates in historic financial transaction consolidating BAC as a regional benchmark

Banking, Finance, Transactions /

Alcogal provided comprehensive advisory to BAC International Bank, Inc. in the closing of a USD 500 million international syndicated loan — the most significant of its kind in the history of Panamanian banking. The transaction involved SMBC, JPMorgan, and Wells Fargo. The legal team was led by partners Patricia Cordero and Rafael Marquínez.

Alcogal participates in historic financial transaction consolidating BAC as a regional benchmark Read More »

Alcogal advised Phoenix Tower International

Finance, Transactions /

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 Phoenix Tower International Read More »

Alcogal advises a group of international financial entities and creditors in a financial operation for USD200 million

Banking, Finance, Transactions /

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

Alcogal advises a group of international financial entities and creditors in a financial operation for USD200 million Read More »

Alcogal advised Banistmo S.A. and The Bank of Nova Scotia in connection with a USD400 million credit facility

Banking, Finance, Transactions /

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.

Alcogal advised Banistmo S.A. and The Bank of Nova Scotia in connection with a USD400 million credit facility Read More »

Alcogal advised Banco Nacional de Panamá on international loans of up to USD150 and USD360 million respectively

Banking, Finance, Transactions /

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,

Alcogal advised Banco Nacional de Panamá on international loans of up to USD150 and USD360 million respectively Read More »

Alcogal assisted Imperia Intercontinental in connection with a USD100 million credit facility

Banking, Finance, Transactions /

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

Alcogal assisted Imperia Intercontinental in connection with a USD100 million credit facility Read More »