We advised Banco General S.A. as arranger, in connection with the amendment to certain terms and conditions of a US$250,000,000 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 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 »
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 USD$380 million; carried out jointly by San Miguel Industrias PET S.A. and NG PET R&P Latin America, S.A. under the 144A / RegS. …
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 US$1.85 billion, as well as counsel to the dealer managers in connection with a liability management operation of the existing bonds issued …
Alcogal acted as Panamanian counsel to Elektra Noreste, S.A., (ENSA) in connection with its 4(a)(2) US$100 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 …
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 US$400 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 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.
Alcogal advised BofA Securities, Inc. and Banco General, S.A. as initial purchasers in connection with a 144A/Reg S, locally registered and listed, US$400 million bond offering by ENA Master Trust, a special purpose vehicle formed by Empresa Nacional de Autopista (ENA). The transaction concluded in November 2020. Partner Arturo Gerbaud, together with senior associates Rita …
We advised Banco General S.A. as arranger and administrative agent in connection with the structuring and registration of a US$180 million corporate bonds issuance by Hydro Caisán, S.A., as well as their public offering. Furthermore, as part of a liability management operation we also advised Banco General, S.A., as arranger and administrative agent, with the …
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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