Morgan & Morgan advised Avianca Holdings, S.A. and its subsidiaries, in connection with a US$ 1.5 billion DIP-to-exit facility which would secure the company’s exit financing from its Chapter 11 reorganization proceeding under the U.S. Bankruptcy Code.
Panama, August 27, 2021. Morgan & Morgan acted as Panamanian counsel to Avianca Holdings, S.A., as Debtor; and certain of its subsidiaries, as Guarantors, in connection with a DIP-to-exit facility used to repay Tranche A of US$ approximately 1,430,000,000.00, under a certain debtor-in-possession agreement executed on October, 2020, and its replacement with a new Tranche
- Published in Aristides Anguizola, Banking and Finance_news, expertise, Francisco Arias, Miguel Arias_exp, News
Morgan & Morgan advised Banco Davivienda Salvadoreño, S.A. in a US$39.5 million financing to companies that are part of the Premium Restaurant Brands group.
Panama, April 23, 2021. Morgan & Morgan advised Banco Davivienda Salvadoreño, S.A. (the “Bank”), of Colombian Grupo Empresarial Bolívar, which also has operations in Panama, Costa Rica, Honduras, El Salvador and Miami, in a US$39,500,000.00 financing granted in favor of certain companies part of the Premium Restaurant Brands Group (the “Group”), as well as in
- Published in Roberto Vidal, 2020, Banking Law, expertise, Miguel Arias_exp
Morgan & Morgan advised Global Bank Corporation in the registration of a revolving program of secured corporate bonds for an amount of up to US$20 million.
Panama, April 9, 2021. Morgan & Morgan advised Global Bank Corporation, a general license bank engaged in the banking business in Panama, in the registration of a revolving program of secured corporate bonds to be issued by Ritol Investments, Inc., a company engaged in the real estate business in Panama (the “Issuer”), in series for
Morgan & Morgan advised Avianca Holdings, S.A. in connection to a over US$ 2 billion debtor-in-possession financing structure pursuant to its reorganization plan under Chapter 11 of the United States Bankruptcy Code.
Panama, October 26, 2020. Morgan & Morgan acted as Panamanian counsel to Avianca Holdings, S.A., as Debtor; and Latin Airways Corp., Taca, S.A., AV International Investments, S.A., AV International Holdings S.A., AV International Holdco S.A., AV International Ventures S.A., AV TACA International Holdco, S.A., International Trade Marks Agency Inc. and Aviacorp Enterprises, S.A., as Guarantors, in connection with the transactions contemplated by a debtor-in-possession
- Published in 2020, Allen Candanedo, Aristides Anguizola, Banking Law, expertise, Francisco Arias, Miguel Arias publi, Miguel Arias_exp
Morgan & Morgan advised in a US$40 million bond issuance by Banco Latinoamericano de Comercio Exterior (Bladex)
Panama, September 14, 2020. Morgan & Morgan advised BofA Securities, Inc., Mizuho Securities USA LLC., and SMBC Nikko Securities America Inc., in an issuance by Banco Latinoamericano de Comercio Exterior (Bladex) of five-year term bonds for US$400,000,000.00 with a fixed coupon of 2.375%, under Rule 144A and Regulation S of the United States Securities Act
- Published in 2020, Banking Law, expertise, Francisco Arias, Miguel Arias_exp, Roberto Vidal, Securities and Capital Markets
Morgan & Morgan advised Electron Investment, S.A. in the public offering of corporate bonds for a sum of up to US$ 205 million
Panama, July 15, 2020. Morgan & Morgan represented Panamanian company Electron Investment, S.A. (the “Issuer”) in the public offering of corporate bonds for a sum of up to US$ 205,000,000 (the “Bonds”) in relation to Pando and Monte Lirio, two hydropower generating facilities that it owns and operates. For purposes of the public offering, Electron
Morgan & Morgan advised Seven Seas Water Corporation in connection with a US$163 million finance.
Panama, June 26, 2020. Morgan & Morgan represented Seven Seas Water Corporation (“Seven Seas”) in a US$163,000,000.00 financing with Deutsche Bank AG and Comvest Credit Partners, as lenders, and subsequent acquisition, through affiliate AquaVenture Capital Limited, Sembcorp Investments Limited, which wholly owns Aguas de Panamá, S.A. (“APSA”). Seven Seas is a portfolio of desalination and
Morgan & Morgan advised the shareholders of Unity Group in a corporate restructuring and subsequent sale of its business to Willis Europe B.V.
Panama, March 12, 2020. Morgan & Morgan advised the shareholders of Unity Group, a holding company with subsidiaries engaged in insurance brokerage in Central America with operations in six countries (Panama, Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua), in a corporate restructuring and subsequent sale of its business to Willis Europe B.V., a company