Morgan & Morgan Legal advised Mercantil Servicios Financieros Internacional, S.A. in the private issuance of corporate bonds for an amount of up to US$10 million.
Panama, June 2, 2022. Morgan & Morgan Legal advised MERCANTIL SERVICIOS FINANCIEROS INTERNACIONAL, S.A. (the “Issuer”), the holding company of Grupo Mercantil and the indirect holder of leading enterprises in the banking and insurance business in Panama and other countries, in the private issuance of corporate bonds in the amount of US$10,000,000.00 (the “Private Bonds”),
Morgan & Morgan Legal advised Mercantil Servicios Financieros Internacional, S.A. in the private issuance of cumulative preferred shares for an amount of up to US$30 million.
Panama, June 1, 2022. Morgan & Morgan Legal advised MERCANTIL SERVICIOS FINANCIEROS INTERNACIONAL, S.A. (the “Issuer”), the holding company of Grupo Mercantil and the indirect holder of leading enterprises in the banking and insurance business in Panama and other countries, in the private issuance of cumulative preferred shares for a total of US$30,000,000.00 (the “Preferred
Morgan & Morgan Legal advised Orla Mining Ltd. and Minera Cerro Quema, S.A. in connection with a secured credit facility for an amount of up to US$150 million.
Panama, April 28, 2022. Morgan & Morgan Legal advised Orla Mining Ltd., as borrower and Minera Cerro Quema, S.A., as guarantor with respect to a secured credit facility of US$150 million (the “Credit Facility”). The Credit Facility includes a US$100 million term facility and a US$50 million revolving facility through a syndicate of lenders composed
- Published in Banking Law, expertise, Roberto Vidal
Morgan & Morgan Legal advised Farmalisto in the acquisition of GoFarma.
Panama, March 30, 2022. Morgan & Morgan Legal acted as Panamanian counsel to Farmalisto in the purchase of 100% of the Mexican pharmacy GoFarma. With this acquisition, the company advances its expansion process in the Mexican market and Latin America. Currently, Farmalisto has a presence in Colombia, Chile, Peru, and Mexico. In this country, it
- Published in expertise, Mergers & Acquisitios, Roberto Vidal
Morgan & Morgan Legal advised in the reacquisition and purchase of the majority stake of Supermercados Xtra, S.A.
Panama, January 7, 2022. Morgan & Morgan Legal acted as legal counsel of Supermercados Xtra, S.A. (“XTRA”) and Grupo Harari, in the reacquisition by XTRA and the purchase by Grupo Harari of the shares owned by Souq Investments LP, equivalent to 53% of the issued and outstanding shares of XTRA, resulting in Grupo Harari becoming
- Published in expertise, Francisco Arias, Maria Eugenia Crespo, Mergers & Acquisitios, Roberto Vidal
Morgan & Morgan Legal advised Supermercados Xtra, S.A. in connection with the offering and issuance of corporate bonds for an amount of up to US$100 million.
Panama, January 5, 2022. Morgan & Morgan Legal advised Supermercados Xtra, S.A., one of the leading supermarket chains in Panama (the “Issuer”), in the amendment to certain terms and conditions of the Issuer’s US$250,000,000 public bond issuance registered with the Superintendency of Capital Markets of Panama in order for the Issuer to offer and issue
Morgan & Morgan Legal advised Cirsa Enterprises S.L.U in connection with the offering of secured notes for an amount of up to €615,000,000
Panama, September 27, 2021. Morgan & Morgan Legal acted as counsel to Cirsa Enterprises S.L.U. in connection with the offering of €615,000,000 aggregate principal amount of 4.500% Secured Notes due 2027, issued by Cirsa Finance International S.à.r.l., and to be guaranteed by the Cirsa Enterprises S.L.U. and, among others, Gaming & Services de Panama, S.A.
Morgan & Morgan Legal advised Global Climate Partnership Fund S.A., SICAV-SIF in connection with an unsecured facility agreement
Panama, September 24, 2021. Morgan Legal acted as special Panamanian counsel to Global Climate Partnership Fund S.A., SICAV-SIF (GCPF) in connection with an unsecured facility agreement, dated as of September 24, 2021, by and among Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (CIFI), as borrower, CIFI LATAM, S.A. and CIFI PANAMÁ, S.A., as co-obligors
- Published in Banking Law, expertise, Roberto Vidal
Morgan & Morgan Legal advised Galores Group in the sale of its cold storage business to Emergent LatAm.
Panama, August 31, 2021. Morgan & Morgan Legal advised the shareholders of the companies Galores Refrigerados S.A., Galores Logística S.A., and Avner Perry Investments, S.A. (the “Galores Group”), in connection with the sale of Galores Group to Emergent Cold Latin America (“Emergent LatAm”), Latin America’s newest temperature-controlled warehousing and logistics provider. Galores Group is the
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