Transactions

Alcogal advised Banco General S.A. as arranger and administrative agent in a corporate bonds issuance for US$180 million

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 …

Alcogal advised Banco General S.A. as arranger and administrative agent in a corporate bonds issuance for US$180 million Read More »

Alcogal advised AES Panama Generation Holdings, S.R.L. in connection with a corporate bond issuance of up to US$1.4 billion and a syndicated loan of up to US$105 million

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 US$1.4 billion in order to refinance the existing indebtedness of several AES group entities in Panama. The issuance was structured as a 144A/Reg S …

Alcogal advised AES Panama Generation Holdings, S.R.L. in connection with a corporate bond issuance of up to US$1.4 billion and a syndicated loan of up to US$105 million Read More »

Alcogal advised Banco Nacional de Panamá in a US$1 billion bond issuance

Our capital markets team recently advised Banco Nacional de Panamá in connection with its US$1 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 US$1 billion bond issuance Read More »

Alcogal advised Banco Nacional de Panamá on international loans of up to US$150 and US$360 million respectively

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 US$150 million. The second transaction was in relation to a loan of up to US$360 million subscribed with Banconal COVID Relief Facility S.a.r.l, …

Alcogal advised Banco Nacional de Panamá on international loans of up to US$150 and US$360 million respectively Read More »

Alcogal advised BAC International Bank, Inc. and Multi Securities Inc. in a corporate bonds issuance for US$700 million

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 US$700 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 …

Alcogal advised BAC International Bank, Inc. and Multi Securities Inc. in a corporate bonds issuance for US$700 million Read More »

Alcogal assisted Grupo Aval in the acquisition of Multi Financial Group Inc.

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 »

Alcogal assisted Imperia Intercontinental in connection with a US$100 million credit facility

We assisted Imperia Intercontinental Inc., parent company of Banco Cuscatlán de El Salvador, in connection with a US$100 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 US$100 million credit facility Read More »

Alcogal advised the dealer managers in a senior notes offering by Avianca Holdings, S.A. for US$550 million

December, 2019.- Alcogal advised BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC as the dealer managers of the exchange operation of senior bonds due in 2020 of up to US$550,000,000, issued by Avianca Holdings, S.A. which aimed, among other benefits, to exchange …

Alcogal advised the dealer managers in a senior notes offering by Avianca Holdings, S.A. for US$550 million Read More »

Alcogal advised Credit Suisse and other lenders in connection with a credit facility of up to US$100 million for AGP America S.A.

The banking, finance and capital markets team of Alcogal recently represented Credit Suisse and other lenders in connection with a credit facility of up to US$100 million for the German glass manufacturer AGP America S.A. Alcogal´s team for this financing deal, which closed on June 2019, was led by partner Eloy Alfaro B., who was …

Alcogal advised Credit Suisse and other lenders in connection with a credit facility of up to US$100 million for AGP America S.A. Read More »

Alcogal advised Banco Panamá with its acquisition by Banco Aliado

Alcogal advised Banco Panamá in connection with its acquisition by Banco Aliado by way of a merger between Grupo Centenario de Inversiones, the owner of 100% of the shares of Banco Panama, with Allied Pacific, a subsidiary of Banco Aliado, with Allied Pacific being the resulting entity. The transaction is pending regulatory approvals and is …

Alcogal advised Banco Panamá with its acquisition by Banco Aliado Read More »