Transactions

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 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 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 »

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 »