Transactions

Alcogal advised the dealer managers in a senior notes offering by Avianca Holdings, S.A. for USD550 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 USD550,000,000, 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 USD550 million Read More »

Alcogal advised Credit Suisse and other lenders in connection with a credit facility of up to USD100 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 USD100 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 USD100 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 »

Alcogal advised the initial purchasers with a USD500 million bond issuance by Empresa de Transmisión Eléctrica, S.A. (ETESA)

Alcogal acted as Panamanian counsel to the initial purchasers, Scotiabank Capital, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Banco General, in connection with the first 144A/Reg bond issuance of Empresa de Transmisión Eléctrica, S.A. (ETESA) of USD500 million. The deal closed in May 2019. Our team in charge of this transaction was led by …

Alcogal advised the initial purchasers with a USD500 million bond issuance by Empresa de Transmisión Eléctrica, S.A. (ETESA) Read More »

Alcogal advised Global Bank Corporation with a bond issuance of USD300 million

We acted as Panamanian counsel to Global Bank Corporation in connection with a 144A/Reg bond issuance of USD300 million senior fixed to floating notes due 2029, and a tender offer of approximately USD230 million. The deal closed on April 2019. Our team in charge of this transaction was led by partner Arturo Gerbaud and associates …

Alcogal advised Global Bank Corporation with a bond issuance of USD300 million Read More »

Alcogal advised Credito Real with the issuance of a USD400 million senior unsecured notes

We advised Credito Real SAB de CV as issuer, on Panamanian law issues, in connection with the issuance of USD400 million corporate bonds due in 2026. The deal closed on February 7, 2019. Our team in charge of this transaction was led by partner Eloy Alfaro B. and associate Rita de la Guardia. Skadden, Arps, …

Alcogal advised Credito Real with the issuance of a USD400 million senior unsecured notes Read More »

Alcogal represented Grupo Mundial Tenedora, S.A. and Banvivienda in an exchange process of non-accumulative preferred shares

Alcogal represented Banco General, S.A. in a USD250 million corporate bond issuance of Inmobiliaria Don Antonio, S.A.

Alcogal advised Banco General, S.A. as arranger in connection with the structuring and registration of a USD250 million corporate bonds issuance by Inmobiliaria Don Antonio, S.A., a subsidiary of Rey Holdings, Corp., in connection with the issuance and the registration with the Superintendence of Capital Markets, of the corporate bonds being issued. To this date, …

Alcogal represented Banco General, S.A. in a USD250 million corporate bond issuance of Inmobiliaria Don Antonio, S.A. Read More »

Alcogal advises on repayment of USD456 million loan to US investment management firm

Alcogal acted as Panama counsel to a US-based investment management firm, in relation to a USD456 million loan granted to an aviation-industry Panamanian holding company. The repayment of debt involved complex steps prior to the release of collateral by our client, and which were incorporated to the loan agreement for purposes of protecting its interests. …

Alcogal advises on repayment of USD456 million loan to US investment management firm Read More »

Alcogal advised Promerica in its first US issuance

Alcogal acted as lead counsel to Promerica Financial Corporation in connection with its first US issuance of notes worth USD200 million. It is one of the few issuances of a multijurisdictional bank holding company, since Promerica Financial Corporation is the majority shareholder of a network of commercial banks operating across Central and South America and …

Alcogal advised Promerica in its first US issuance Read More »

Alcogal advised Alternegy in a bond issuance awarded by the Investors Forum as the best long – term debt fund of 2017

Alcogal represented Alternegy, S.A. in a bond issuance awarded in the 19th edition of the Investors Forum that took place on August 22nd, 2018, as the best long-term debt fund of 2017. Partner Arturo Gerbaud, together with associate Rafael Marquínez, participated in this transaction valued at USD320 million. To this date, this transaction is considered …

Alcogal advised Alternegy in a bond issuance awarded by the Investors Forum as the best long – term debt fund of 2017 Read More »