Morgan & Morgan advised MMG Bank Corp. and Desarollos Hidroeléctricos, Corp. in a US$37 million syndicated loan for the development of the San Andrés hydroelectric project

Morgan & Morgan acted as counsel to MMG Bank Corporation, as lender and administrative agent, and Desarrollos Hidroeléctricos, Corp., as borrower, in connection with a US$37,000,000 syndicated loan for the development of the San Andrés hydroelectric project, located in the Province of Chiriquí, Republic of Panama, with an installed capacity of 10MW.

This transaction involved other financial entities such as Multibank, Inc., Banco Panameño de la Vivienda, S.A., Bank of China, Banco Internacional de Costa Rica, S.A., and Global Bank Corporation as lenders, and Multi Trust, Inc., as trustee.

Morgan & Morgan partner Francisco Arias and associates Kharla Aizpurúa Olmos, Ana Carolina Castillo, Aristides Anguizola and Carlos Hoyos, participated in this transaction.