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Morgan & Morgan advised Wells Fargo Bank, National Association and The Prudential Insurance Company of America in a US$250 million securitization of DPRs
Morgan & Morgan advised Wells Fargo Bank, National Association and The Prudential Insurance Company of America, in their role as lenders and investors in new loans and notes for an aggregate amount of US$250,000,000.00, which are guaranteed by a diversified payment rights program established by Banco General, S.A., comprising of the securitization of future funds
- Published in Banking Law, expertise, Ramon Varela, Ricardo Arias, Roberto Vidal, Securities and Capital Markets
Morgan & Morgan advised Electron Investment, S.A. in the offering of Corporate Bonds for an amount of up to US$235 million
Morgan & Morgan represented Electron Investment, S.A., a Panamanian company that develops and operates hydroelectric power plants, in the public offering of Corporate Bonds with a value of up to US$235,000,000. The Corporate Bonds consist of three series, knowingly, the Series A Bonds with a value of up to US$187,000,000, the Series B Bonds with
- Published in Ana Castillo, expertise, Francisco Arias, Ramon Varela, Ricardo Arias, Securities and Capital Markets
Morgan & Morgan advised the lenders with respect to loans for an amount up to US$300 million for the financing of a four wind farms in Panama
Morgan & Morgan acted as Panamanian counsel to International Finance Corporation (IFC), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), Societe de Promotion et de Participation pour la Cooperation Economique (Proparco), Oesterreichische Entwicklungsbank AG (OeEB), Central American Bank for Economic Integration (CABEI), Banco General, S.A. and Banco Nacional de Panamá; as lenders, in connection with a US$300
- Published in Carlos Arturo Hoyos, Energy, Gilbert Mallol, Kharla Aizpurua, Projects, Ramon Varela
Morgan & Morgan advised HSBC Bank (Panama), S.A., HSBC Bank USA, National Association and HSBC Investment Corporation (Panama), S.A., in connection with a second amended and restated credit agreement (the “Credit Agreement”), executed as of April 18, 2013, by and among (i) Petroterminal de Panama, S.A., as borrower; (ii) HSBC Bank (Panama), S.A., and other
- Published in Carlos Arturo Hoyos, expertise, Francisco Arias, Kharla Aizpurua, Projects, Ramon Varela, Roberto Vidal
Morgan & Morgan advised HSBC Bank (Panama), S.A., HSBC Bank USA, National Association and HSBC Investment Corporation (Panama), S.A., in connection with a second amended and restated credit agreement (the “Credit Agreement”), executed as of April 18, 2013, by and among (i) Petroterminal de Panama, S.A., as borrower; (ii) HSBC Bank (Panama), S.A., and other
- Published in Banking Law, Carlos Arturo Hoyos, expertise, Francisco Arias, Kharla Aizpurua, Ramon Varela, Roberto Vidal
Morgan & Morgan advised The AES Corporation in the issuance and sale of US$310 million Senior Guaranteed Notes
Morgan & Morgan advised AES El Salvador, S.A. de C.V., Compañía de Alumbrado Eléctrico de San Salvador, S.A. de C.V., Empresa Eléctrica de Oriente, S.A. de C.V., AES-Clesa y Compañía, S. en C. de C.V. and Distribuidora Eléctrica de Usulután, S.A. de C.V. – all affiliates of THE AES CORPORATION – in the issuance and sale
Morgan & Morgan advises Wells Fargo in a US$100 million securitization and acquisition of DPRs
Morgan & Morgan advised Wells Fargo Bank, National Association (Wells Fargo), in their role as investor in a new diversified payment rights program, comprising of the securitization of future funds flows as represented by payment orders (called Diversified Payment Rights or DPRs) for the amount of US$100 million, to be established by Banco General, S.A.
- Published in Ramon Varela, Ricardo Arias, Roberto Vidal, Securities and Capital Markets
Morgan & Morgan advises the issuer in a senior notes issue for an amount up to US$600 million to complete the acquisition of Corredor Norte
As part of the acquisition of the Corredor Norte, Morgan & Morgan also represented the Ministry of Economy and Finance, Empresa Nacional de Autopista, S.A. (ENA), and ENA Norte, S.A. (an affiliate of ENA), in a U.S. $600,000,000 issuing of 4.95% Notes due 2028, registered before the National Securities Commission of the Republic of Panama
Morgan & Morgan advised the Panamanian Government in US$647 million acquisition of toll road concession
Panamanian law firm Morgan & Morgan represented the Ministry of Economy and Finance, Empresa Nacional de Autopista, S.A. (ENA), and ENA Norte, S.A. (an affiliate of ENA), in the acquisition of the Corredor Norte, a toll road concession in the Republic of Panama. The firm’s advice and participation consisted of, among others, the creation of
- Published in Ana Castrellon, Gilbert Mallol, Inocencio Galindo, Mergers & Acquisitios, Ramon Varela, Roberto Vidal