Transactions

Alcogal representó a Banca de Inversión Bancolombia en la compraventa del proyecto Soho

Alcogal advised Banca de Inversión Bancolombia in the sale of the Soho Project

Alcogal advised Banca de Inversión Bancolombia (BIB) in the sale of the Soho Project, for USD350 million. The Soho project is the largest high-end luxury commercial real estate project in Panama, including two office towers, a hotel and a luxury shopping center. This is a unique transaction as it results from sanctions imposed by the …

Alcogal advised Banca de Inversión Bancolombia in the sale of the Soho Project Read More »

Alcogal represents Gas Natural Atlantico and Costa Norte LNG Terminal in the financing of the first liquefied natural gas project in Panama

Alcogal recently represented Gas Natural Atlantico, S. de R.L. and Costa Norte LNG Terminal S. de R.L., as borrowers, in an approximately USD600 million financing for the construction and development of an LNG (liquefied natural gas) power block and LNG terminal in Panama, which will be located in the province of Colon. Partner Arturo Gerbaud, …

Alcogal represents Gas Natural Atlantico and Costa Norte LNG Terminal in the financing of the first liquefied natural gas project in Panama Read More »

Alcogal advises Banco General, as arranger and administrative agent, in connection with parallel corporate bond issuances for up to USD100 million

We advised Banco General S.A. as arranger and administrative agent in connection with the structuring and registration of three parallel corporate bonds issuances, totaling approximately USD100 million, issued by Istmus Hydro Power, Corp. Las Perlas Norte, S.A. and Las Perlas Sur, S.A., as well as their public offering. Partner Arturo Gerbaud, along with associate Rafael …

Alcogal advises Banco General, as arranger and administrative agent, in connection with parallel corporate bond issuances for up to USD100 million Read More »

Alcogal advises Banco General in corporate bond issuance for Desarrollo Inmobiliario del Este, S.A. (DIESA)

Alcogal advised Banco General, as arranger, in a corporate bond issuance for Desarrollo Inmobiliario del Este, S.A. (DIESA). Alcogal recently advised Banco General as arranger in connection with the structuring and registration of an up to USD40 million corporate bonds issuance by Desarrollo Inmobiliario del Este, S.A. (DIESA). Partner Arturo Gerbaud, along with associate Rafael …

Alcogal advises Banco General in corporate bond issuance for Desarrollo Inmobiliario del Este, S.A. (DIESA) Read More »

Alcogal asesoró al grupo de bancos acreedores en el Fideicomiso de Felix B. Maduro

Alcogal advised creditor banks in Felix B. Maduro Trust

The Banking, Finance and Capital Markets team at Alemán, Cordero, Galindo & Lee recently acted as counsel to the lender banks, which included Banco General, Banistmo, Banco Panama, BAC Credomatic, and Banesco, in relation to the Felix B. Maduro Trust, for USD108 million, wherein the banks, as lenders to the settlors, were beneficiaries. The Waked Group is an important …

Alcogal advised creditor banks in Felix B. Maduro Trust Read More »

Alcogal asesoró al grupo de bancos acreedores en el Fideicomiso de Soho Mall

Alcogal advised creditor banks in Soho Mall Trust

The Banking, Finance and Capital Markets team at Alemán, Cordero, Galindo & Lee recently acted as counsel to the lender banks, which included Banistmo, Banesco, St. George’s Bank, Caja de Ahorros, Bladex, Credicorp Bank, Banco Aliado and Bancolombia, in relation to the Soho Trust, for USD400 million, wherein the banks, as lenders to the settlors, were beneficiaries. …

Alcogal advised creditor banks in Soho Mall Trust Read More »

We advised Grupo Unidos por el Canal, S.A. in its USD3.1 billion successful bid to design and build the Third Set of Locks project of the Panama Canal Expansion Project

We served as local counsel for Grupo Unidos por el Canal, S.A. (as borrower) in the preparation, execution, delivery and consummation of the transactions contemplated by: the USD173.3 million celebrated among the Borrower, the Original Lenders party thereto, and Banco Santander S.A., as facility agent, the USD160 million facility agreement dated as of August 4, …

We advised Grupo Unidos por el Canal, S.A. in its USD3.1 billion successful bid to design and build the Third Set of Locks project of the Panama Canal Expansion Project Read More »

Alcogal asesora a Citigroup en la venta de sus operaciones en Panamá y Costa Rica a Scotiabank

Alcogal advises Citigroup in the sale of its operations in Panama and Costa Rica to Scotiabank

The Corporate and M&A team at Alemán, Cordero, Galindo & Lee, along with the Banking, Finance and Capital Markets team, advised Citigroup in the acquisition by Scotiabank of the banking and commercial operations of Citigroup’s 27 branches in Panama and Costa Rica. Through this acquisition, Scotiabank’s total number of clients in these two countries increased …

Alcogal advises Citigroup in the sale of its operations in Panama and Costa Rica to Scotiabank Read More »

Alcogal advises Banco General in important corporate bonds issuance by Electron Investment, S.A.

The Banking, Finance and Capital Markets team at Alemán, Cordero, Galindo & Lee recently advised Banco General S.A., as arranger and administrative agent, in connection with the structuring and registration of a USD235,000,000.00 corporate bonds issuance by Electron Investment, S.A. (EISA), a Panamanian company, as well as its public offering. EISA will use the funds …

Alcogal advises Banco General in important corporate bonds issuance by Electron Investment, S.A. Read More »

Alcogal represents Phoenix Tower International in an important financing

Alcogal represents Phoenix Tower International in an important financing

The banking, finance and capital markets team of Alcogal recently acted as local counsel to Phoenix Tower International Panama S. de R.L., and Torres Panameñas S. de R.L., (borrowers) in relation with the preparation, execution, delivery, and consummation of a term loan agreement for USD 32.150 million granted by Banco General, S.A., Metrobank, SA and …

Alcogal represents Phoenix Tower International in an important financing Read More »