Transactions

Alcogal advised Tocumen International Airport, as issuer, in a tender offer / consent solicitation of USD225 million and a 144A / RegS offering to be registered with the Panamanian Securities Market and the Panamanian Stock Exchange. This significant transaction involved a long-term financing whose proceeds will be used to continue the expansion of Tocumen International …

Alcogal advised Tocumen International Airport in a $225 million bond issue Read More »

Alcogal advised Alternegy, S.A., in connection with the issuance of its first debt offer and the registration with the Superintendence of Capital Markets, of the corporate bonds being issued by Banco General, S.A. and Banistmo, S.A. This is one of the year’s largest bond issuances for a corporate issuer in the Panamanian capital market. The …

Alcogal advised Alternegy, S.A. with the issuance of its first bond offering in the amount of USD320 million Read More »

Alcogal represented Global Bank Corporation in the registration with the Superintendence of Capital Markets of Panama of USD550 million 144A/Reg S bond offering initially listed in the Luxembourg Stock Exchange for their sale in the secondary market. The transaction closed in June 2017. Partner Arturo Gerbaud, along with associate Rafael Marquínez, were in charge of …

Alcogal represented Global Bank Corporation in a USD550 million bond offering registration and listing for their sale in the secondary market Read More »

Alcogal advised Credit Suisse as Panama counsel in a loan agreement to AGP America S.A. and other borrowers. The loan proceeds will be used to cancel existing indebtedness of glass production and supplier companies AGP America (Panama), AGP Colombia, and AGP Peru, in three different jurisdictions, as well as for expansion of an e-glass plant …

Alcogal advised Credit Suisse as Panama counsel Read More »

Alcogal represented Multibank, Inc.  in connection with the issuance of its first international debt offer for an amount of USD300 million under 144a/Reg S rules of the securities market of the United States of America, underwritten by Mizuho Securities USA LLC and UBS Securities LLC. The transaction closed in November 2017. Partner Arturo Gerbaud, along with …

Alcogal represented Multibank, Inc. in its first international debt offer Read More »

Alcogal participated as adviser to Merrill Lynch, Pierce, Fenner & Smith Incorporated, and JP Morgan Securities LLC in the 144A/Reg S issuance by Peruvian holding company, Intercorp Financial Services Inc., worth USD300 million. The transaction closed in October 2017. Partner Eloy Alfaro, along with associate Rita de la Guardia, participated in this transaction.

Alcogal represented Banistmo S.A. in connection with the issuance of its first international debt offer for an amount of USD500 million under 144a/Reg S rules of the securities market of the United States of America, underwritten by JP Morgan Securities LLC and Morgan Stanley & Co. LLC. The transaction closed in September 2017. Partner Arturo Gerbaud, …

Alcogal represented Banistmo S.A. in its first international debt offer Read More »

Alcogal acted as legal counsel to Grupo Mundial Tenedora, S.A. and Banco Panameño de la Vivienda, S.A. (Banvivienda) in the exchange process of up to 34,000,000 non-accumulative preferred shares without voting rights of Banco Panameño de la Vivienda, S.A. (Banvivienda) for non-accumulative preferred shares without voting rights of Grupo Mundial Tenedora, S.A. The exchange process …

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

Alcogal advised Grande Investment Corp. in the negotiation for the acquisition of a controlling interest of Petroamerica Terminal S.A. (PATSA) by VTTI B.V. We collaborated with the review, negotiation, and closing of the Stock Purchase Agreement, Shareholder´s Agreement, and other transactional documents. The acquisition totaled USD75 million. Petroamerica Terminal S.A. is a logistics center for …

Alcogal advised Grande Investment Corp. in successful acquisition of a controlling interest Read More »

Alcogal participated as adviser to JP Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated in connection with a USD550 million 144a/Reg S bond offering by Banco General S.A. The deal closed in August 2017. Partner Arturo Gerbaud, along with associates Rita de la Guardia and Rafael Marquínez, participated in this transaction.