Transactions

Alcogal advised on the public offering and bond issuance of Fountain Hydro Power Corp.

Alcogal advised Fountain Hydro Power Corp., as Issuer, in connection with a USD110 million corporate bonds issuance registered by the Superintendency of Capital Markets and listed in Latinex, issued for purposes of refinancing the existing credit facilities of the Issuer.  Fountain Hydro Power Corp. is owned by Agua Imara ACA and Panama Hydroelectric Ventures. Alcogal’s …

Alcogal advised on the public offering and bond issuance of Fountain Hydro Power Corp. Read More »

Alcogal advises G.B. Group Corporation in the exchange process of Series A and Series B cumulative preferred shares and issuance and placement of Serie C preferred shares

Alcogal acted as legal counsel to G.B. Group Corporation (holding company of Global Bank Corporation) in (i) the exchange process of Series A and Series B cumulative preferred shares without voting rights of G.B. Group Corporation for Series C preferred shares of G.B. Group Corporation and (ii) issuance and placement of Serie C preferred shares …

Alcogal advises G.B. Group Corporation in the exchange process of Series A and Series B cumulative preferred shares and issuance and placement of Serie C preferred shares Read More »

Alcogal advised Banco General, S.A. in the multi-million dollar offering and issuance of corporate bonds by Supermercados Xtra, S.A.

We advised Banco General S.A. as arranger, in connection with the amendment to certain terms and conditions of a USD250,000,000 corporate bonds issuance that Supermercados XTRA, S.A. has registered with the Superintendence of Capital Markets, in order to carry out the issuance and offering of Series E, F, and G of bonds for a total …

Alcogal advised Banco General, S.A. in the multi-million dollar offering and issuance of corporate bonds by Supermercados Xtra, S.A. Read More »

Alcogal advised Cable & Wireless Panama S.A. on its acquisition of Claro Panamá

Alcogal advised its long-term client, Cable & Wireless Panamá S.A., as well as its shareholder and operating partner Liberty Latin America, in connection with the proposed acquisition of Claro Panamá, owned by the América Móvil group. The transaction is subject to customary closing approvals and is expected to close in Q1 2022. Transactional Team: Alejandro …

Alcogal advised Cable & Wireless Panama S.A. on its acquisition of Claro Panamá Read More »

Alcogal assisted the initial purchasers in connection with the USD380 million bond issuance by San Miguel Industrias PET S.A. and NG PET R&P Latin America S.A.

We assisted Citigroup, Credit Suisse, JP Morgan, and Santander, as initial purchasers, on matters of Panamanian law, in the issuance of 3.5% secured senior notes due in 2028 for a value of USD380 million; carried out jointly by San Miguel Industrias PET S.A. and NG PET R&P Latin America, S.A. under the 144A / RegS. …

Alcogal assisted the initial purchasers in connection with the USD380 million bond issuance by San Miguel Industrias PET S.A. and NG PET R&P Latin America S.A. Read More »

Alcogal advised initial purchasers in a USD1.85 billion bond offering by Aeropuerto Internacional de Tocumen

We advised BofA Securities, Inc., Citigroup Global Markets Inc. and Banco General, S.A., as initial purchasers in connection with a 144A/Reg S secured bond offering of Aeropuerto Internacional de Tocumen, S.A. (AITSA) for USD1.85 billion, as well as counsel to the dealer managers in connection with a liability management operation of the existing bonds issued …

Alcogal advised initial purchasers in a USD1.85 billion bond offering by Aeropuerto Internacional de Tocumen Read More »

Alcogal advised Elektra Noreste, S.A., (ENSA) in a USD100 million corporate bonds issuance

Alcogal acted as Panamanian counsel to Elektra Noreste, S.A., (ENSA) in connection with its 4(a)(2) USD100 million corporate bonds issuance.  The issuance was structured as a 4(a)(2)/Regulation S offering and was registered with the Superintendence of Capital Markets of Panama and placed through the Latin American Exchange (LATINEX). This is one of the few 4(a)(2)/Regulation …

Alcogal advised Elektra Noreste, S.A., (ENSA) in a USD100 million corporate bonds issuance Read More »

Alcogal advises on one of the largest AT1 bond issuances registered to this date with the Superintendence of Capital Markets of Panama

We acted as Panamanian counsel to the initial purchasers, Bank of America, J.P. Morgan and Goldman Sachs & Co. LLC, in connection with a 144A/Reg S bond issuance of Banco General, S.A., of USD400 million issuance mainly to strengthen Banco General, S.A.’s Primary Capital (Capital Primario, as defined by the Superintendency of Banks of Panama).  The issuance …

Alcogal advises on one of the largest AT1 bond issuances registered to this date with the Superintendence of Capital Markets of Panama Read More »

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

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 »