Transactions

Alcogal advised BAC International Bank, Inc. and Multi Securities Inc. in a corporate bonds issuance for USD700 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 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 …

Alcogal advised BAC International Bank, Inc. and Multi Securities Inc. in a corporate bonds issuance for USD700 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 USD100 million credit facility

We assisted Imperia Intercontinental Inc., parent company of Banco Cuscatlán de El Salvador, in connection with a USD100 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 USD100 million credit facility Read More »

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 »