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Morgan & Morgan advised Desarrollo Inmobiliario del Este in corporate matters related to its Real Estate Investment Trust.
Panama, February 18, 2024. Morgan & Morgan advised Desarrollo Inmobiliario del Este, S.A. (“DIESA”) in the process of a changing their corporate structure to that of a Sociedad de Inversión Inmobiliaria (the Panamanian equivalent of a Real Estate Investment Trust or “REIT”), in order for DIESA to carry out an initial public offering of its
- Published in expertise, Miguel Arias_exp, Ricardo Arias, Securities and Capital Markets_news
Morgan & Morgan advised Mercandú in a capital raising round to expand its e-commerce platform in the region.
Panama, January 8, 2024. Morgan & Morgan acted as the Panamanian legal advisor for Mercandú, a startup based in El Salvador that operates the largest marketplace in the Central American region, offering over 500,000 products, in a capital raising round. The capital raising round took the form of issuing shares (equity-raising) in favor of two
- Published in Kharla Aizpurua, Banking Law, expertise, Mergers & Acquisitios, Miguel Arias_exp
Morgan & Morgan advised Grupo Estrella with an acquisition finance and acquisition agreement related to a project in the energy sector.
Panama, December 6, 2023. Morgan & Morgan acted as legal counsel to Grupo Estrella in relation to an acquisition finance and acquisition agreement whereby through a newly incorporated Panamanian special purpose vehicle and a United Kingdom special purpose vehicle they obtained financing from a syndicated term loan granted by certain local banks to then acquire
Morgan & Morgan advised Ithaca Capital Partners in a US$40 million registration of a revolving program of senior secured bonds.
Panama, December 1, 2023. Morgan & Morgan advised the Ithaca Trust in the registration of a revolving program of senior secured bonds (the “2023 Bonds”) for an amount of up to US$40,000,000 with the Superintendency of Capital Markets of Panama (the “SCM”) and their listing with the Latin American Stock Exchange (“Latinex”). The first three
Morgan & Morgan advised Francisco Marroquin University in the registration of a US$100 million revolving program of corporate bonds.
Panama, November 13, 2023. Morgan & Morgan advised the UFM in the registration of a revolving program of corporate bonds (the “Bonds”) for an amount of up to US$100,000,000 with the Superintendency of Capital Markets of Panama (the “SCM”) and their listing with the Latin American Stock Exchange (“Latinex”). The Bonds may be issued in
Morgan & Morgan advised Rhenus in connection with the acquisition of certain Panamanian subsidiaries of BLU Logistics.
Panama, October 2, 2023. Morgan & Morgan advised Rhenus, a leading global logistics specialist, in connection with the acquisition of certain Panamanian subsidiaries of BLU Logistics, a leading Latin American freight forwarder present in Argentina, Colombia, Ecuador, Mexico, Paraguay, and Uruguay, as well as in Mainland China and Hong Kong. The firm served as local counsel
- Published in expertise, Alejandro Vasquez Vallarino, Arantxa Fernandez Chang, Roberto Vidal
Morgan & Morgan advised Orla Mining Ltd. and Minera Cerro Quema, S.A. in connection with a secured credit facility for an amount of up to US$200 million.
Panama, August 29, 2023. Morgan & Morgan advised Orla Mining Ltd. (“Orla”), as borrower and Minera Cerro Quema, S.A., as guarantor (“MCQ”) with respect to a refinancing of an existing secured credit facility, increasing the facility from US$150 million to US$200 million and extending the term. The Refinancing includes a term facility and a revolving
- Published in Banking and Finance_news, expertise, Mining_news, Roberto Vidal
Morgan & Morgan advised Grupo OTI in the constitution and registration of “Fondo de Inversión Inmobiliario Valle Lindo”.
Panama, August 5, 2023. We advised Grupo OTI, as sponsor, in the constitution and registration before the Superintendence of Capital Markets of Panama (the “SCM”), of a Panamanian investment fund named “Fondo de Inversión Inmobiliario Valle Lindo”. The investment fund was registered with the SCM as a Sociedad de Inversión Inmobiliaria (the Panamanian equivalent of
- Published in expertise, Miguel Arias_exp, Ricardo Arias, Securities and Capital Markets_news
Morgan & Morgan advised Cirsa Finance International S.à.r.l. in connection with the offering of senior secured notes for an amount of up to €700 million.
Panama, July 19, 2023. Morgan & Morgan acted as Panamanian legal counsel to Cirsa Finance International S.à.r.l. (the “Issuer”), in connection with the offering (the “Offering”) pursuant to the final offering memorandum dated July 5, 2023 (the “Offering Memorandum”) of €700,000,000 aggregate principal amount of Senior Secured Notes consisting of €375,000,000 7.875% Senior Secured Notes
- Published in expertise, Roberto Vidal, Securities and Capital Markets_news
Panama, July 17, 2023. Morgan & Morgan represented (i) ARTCAP LAC PRIVATE CREDIT SERVICES S.A., an affiliate of ArtCap Strategies, a Cayman-based investment group specializing in structuring custom solutions for clients in Latin America and the Caribbean (“ArtCap”), as administrative agent and co-arranger (together with Apollo Global Funding LLC); and (ii) Banistmo Investment Corporation S.A.,