Transactions

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.

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 »

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 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 »

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 »

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 »