Transactions

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 USD$108 million, wherein the banks, as lenders to the settlors, were beneficiaries. The Waked Group is an important …

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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 USD$400 million, wherein the banks, as lenders to the settlors, were beneficiaries. …

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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 …

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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 US$235,000,000.00 corporate bonds issuance by Electron Investment, S.A. (EISA), a Panamanian company, as well as its public offering. EISA will use the funds …

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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 …

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Alcogal advises PSA Panama International Terminal, S.A.

Alcogal advises PSA Panama International Terminal, S.A.

The public tenders and concession contracts team of Alcogal advised PSA Panama International Terminal, S.A. with the preparation, negotiation and execution of a new contract-law between the company and the Republic of Panama, in which PSA Panama International, S.A. commits to develop, build, operate, and administer a bulk cargo and ro-ro containers terminal through an …

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Alcogal advises local banks on important syndicated loan

Alcogal advises local banks on important syndicated loan

The Banking, Finance & Capital Markets department at Alemán, Cordero, Galindo & Lee advised Banco General, S.A. (as Lender and Administrative Agent) and Banistmo, S.A. (as Lender), in the structuring and execution of a Syndicated Loan to Costa Del Este Town Center Group, S.A., a company related to the Panamanian Group Empresas Bern, which is …

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Alcogal represents Celsia and CTC Curazao

Alcogal represents Celsia and CTC Curazao in important credit agreement

The banking, finance and capital markets team at Alemán, Cordero, Galindo & Lee recently represented Celsia S.A. E.S.P. as guarantor and CTC CURAZAO. B.V. as borrower in a US$200 million credit agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd., Banco Santander S.A. and Banco Santander de Negocios Colombia S.A. as initial lenders, for the purpose …

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Alcogal advises Celsia in successful acquisition of GDF Suez assets

Alcogal advises Celsia in successful acquisition of GDF Suez assets

The Energy and Natural Resources department at Aleman, Cordero, Galindo & Lee advised Colombian company Celsia S.A., E.S.P (Purchaser) , as local counsel, in the acquisition of 51% of the issued and outstanding shares of Bahia Las Minas, the largest thermic power generator in Panama, as well as the acquisition of 100% of the issued …

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Alcogal assists Cable and Wireless

Alcogal assists Cable and Wireless

Aleman, Cordero, Galindo & Lee, through the joint effort of its Telecommunications and Corporate / M&A teams, advised Cable & Wireless Panama, S.A., a subsidiary of Cable & Wireless Communications, Plc (CWC), in the acquisition of 12 corporations within Grupo Sonitel for US$41,280,000. The deal, which was announced in August 2014, included the acquisition of …

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