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 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.
Alcogal advised BofA Securities, Inc. and Banco General, S.A. as initial purchasers in connection with a 144A/Reg S, locally registered and listed, USD400 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 USD180 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 …
Partner Arturo Gerbaud, together with senior associates, Rita de la Guardia and Rafael Marquínez, recently represented AES Panama Generation Holdings, S.R.L. in connection with a corporate bond issuance of up to USD1.4 billion in order to refinance the existing indebtedness of several AES group entities in Panama. The issuance was structured as a 144A/Reg S …
Our capital markets team recently advised Banco Nacional de Panamá in connection with its USD1 billion Rule 144A / Regulation S bond issuance. This transaction is the first international bond issuance in the international capital markets of Banco Nacional de Panamá since its creation and represents the largest securities issuance that any Panamanian financial institution has made. This …
Alcogal advised Banco Nacional de Panamá in a USD1 billion bond issuance Read More »
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, …
June 2020 – We advised BAC International Bank, Inc., as issuer and Multi Securities Inc. as arranger in connection with the structuring and registration of a USD700 million corporate bonds issuance by BAC International Bank, Inc., as well as their public offering. As legal advisors to the issuer and to the arranger we were responsible …
June 2020 – Alcogal’s corporate and M&A team recently represented and assisted the Latin American financial group, Grupo Aval, through its subsidiary Leasing Bogotá SA, Panamá, in connection with the acquisition of 96.6% of Multi Financial Group Inc., a shareholder of Multibank Inc., and affiliates. Alcogal´s team for this M&A deal, which closed on May …
Alcogal assisted Grupo Aval in the acquisition of Multi Financial Group Inc. Read More »
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