<\/p>\n
Morgan & Morgan acted as a counsel for HSBC Bank plc, HSBC Bank (Panam\u00e1), S.A., Caja de Ahorros and Banco Nacional de Panam\u00e1, with respect to the syndicated secured financing for a bus rapid transport system for Panama City called \u201cMetrobus\u201d. This financing was structured under two credit facilities: (i) a term loan facility in an aggregate amount equal to US$193,736,370, evidenced through a facility agreement governed by the laws of England, entered into by and among Transporte Masivo de Panam\u00e1, S.A., as borrower, HSBC Bank, plc, as lender, agent and arranger and HSBC Investment Corporation (Panam\u00e1), S.A., as collateral trustee; and (ii) a term loan facility in an aggregate amount equal to US$66,100,000, evidenced through a facility agreement governed by the laws of the Republic of Panama, entered into by and among Transporte Masivo de Panam\u00e1, S.A., as borrower, HSBC Bank (Panam\u00e1), S.A., as lender, arranger and administrative agent, Caja de Ahorros, as lender, Banco Nacional de Panam\u00e1, as lender and HSBC Investment Corporation (Panam\u00e1), S.A., as collateral trustee.<\/p>\n
The financing was secured through a collateral package with HSBC Investment Corporation (Panam\u00e1), S.A., as collateral trustee, for the benefit of the lenders. The firm also acted as counsel for the collateral trustee, but with a different team of lawyers. Such collateral includes, among others, a pledge agreement in relation to all the shares of the borrower, a chattel mortgage agreement over the buses of the transportation system and the proceeds collected by the operator of the transportation system with respect to the fares paid by the users of said transportation system, which proceeds are used to cover all financings and operational costs.<\/p>\n
Partners Francisco Arias and Ramon Varela and Associates Ricardo Arias and Roberto Vidal assumed principal responsibility on the matter of arrangers and lenders. For the collateral trustee partner Inocencio Galindo and Associate Kharla Aizpurua acted as advisers.<\/p>\n
<\/p>\n
Morgan & Morgan actu\u00f3 como asesor del HSBC Bank plc, el HSBC Bank (Panama) S.A., la Caja de Ahorros y el Banco Nacional de Panam\u00e1, en lo concerniente al financiamiento sindicado garantizado para un sistema de autobuses para transporte r\u00e1pido en la ciudad de Panam\u00e1 llamado \u201cMetrob\u00fas\u201d. Este financiamiento se estructur\u00f3 bajo dos l\u00edneas de cr\u00e9dito: (i) un pr\u00e9stamo por t\u00e9rmino fijo por un monto equivalente a US$193,736,370 evidenciado a trav\u00e9s de un contrato de cr\u00e9dito regido por las leyes de Inglaterra, acordado entre, y por, Transporte Masivo de Panam\u00e1, S.A. como prestatario; el HSBC Bank, plc como prestamista, agente y coordinador ; y el HSBC Investment Corporation (Panam\u00e1), S.A. como fiduciario colateral; y (ii) un pr\u00e9stamo a t\u00e9rmino fijo por un monto total de US$66,100,000 trav\u00e9s de un acuerdo regido por las leyes de la Rep\u00fablica de Panam\u00e1, acordado entre, y por, Transporte Masivo de Panam\u00e1, S.A. como prestatario, el HSBC Bank (Panam\u00e1), S.A. como prestamista, coordinador y agente administrativo; Caja de Ahorros como prestamista; Banco Nacional como prestamista; y HSBC Investment Corporation (Panam\u00e1), S. A., como fiduciario colateral.<\/p>\n
El financiamiento se obtuvo a trav\u00e9s de un paquete colateral con HSBC Investment Corporation (Panam\u00e1) S.A. como fiduciario colateral para beneficio de los prestamistas. La firma tambi\u00e9n actu\u00f3 como asesora del fiduciario colateral pero con otro equipo de abogados. Dichos colaterales incluyen, entre otros, un contrato prendario en relaci\u00f3n con todas las acciones del prestatario; la hipoteca mobiliaria sobre los autobuses del sistema de transporte y los ingresos que perciba por el operador del sistema con respecto a las tarifas pagadas por los usuarios de dicho sistema de transporte, cuyos ingresos se utilizan para cubrir todos los costos de financiamiento y de operaci\u00f3n.<\/p>\n
Los socios Francisco Arias y Ram\u00f3n Varela, y los asociados Ricardo Arias y Roberto Vidal, asumieron la responsabilidad principal en lo pertinente a la coordinaci\u00f3n y los prestamistas. En lo referente a lo fiduciario colateral actuaron como asesores el socio Inocencio Galindo y la asociada Kharla Aizpur\u00faa.<\/p>\n
\n<\/p>\n","protected":false},"excerpt":{"rendered":"
Morgan & Morgan acted as a counsel for HSBC Bank plc, HSBC Bank (Panam\u00e1), S.A., Caja de Ahorros and Banco Nacional de Panam\u00e1, with respect to the syndicated secured financing for a bus rapid transport system for Panama City called \u201cMetrobus\u201d. This financing was structured under two credit facilities: (i) a term loan facility in<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[413,430,414,406,415,412],"tags":[],"_links":{"self":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/posts\/24227"}],"collection":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/comments?post=24227"}],"version-history":[{"count":0,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/posts\/24227\/revisions"}],"wp:attachment":[{"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/media?parent=24227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/categories?post=24227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morimor.com\/es\/wp-json\/wp\/v2\/tags?post=24227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}