Morgan & Morgan

Morgan & Morgan

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Morgan & Morgan
MMG Tower, 23rd Floor Ave. Paseo del Mar, Costa del Este Panama City Rep. of Panama

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Tuesday, 18 June 2013 / Published in Ana Castillo, Aristides Anguizola, Banking Law, Carlos Arturo Hoyos, Energy, expertise, Francisco Arias, Kharla Aizpurua

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.

Morgan & Morgan actuó como asesor de MMG Bank Corporation, como acreedor y agente administrativo, y Desarrollos Hidroeléctricos, Corp., como deudor, en relación a un préstamo sindicado por US$ 37 millones para el desarrollo del proyecto hidroeléctrico San Andrés localizado en la Provincia de Chiriquí, República de Panamá, con una capacidad de 10 MW.

Esta operación de financiamiento de proyectos involucró a otras entidades financieras como Multibank, Inc., Banco Panameño de la Vivienda, SA, Banco de China, Banco Internacional de Costa Rica, SA y Global Bank Corporation como prestamistas, y Multi Trust, Inc., como agente fiduciario.

Francisco Arias, socio de Morgan & Morgan, y los asociados Kharla Aizpurúa Olmos, Ana Carolina Castillo, Aristides Anguizola y Carlos Hoyos, participaron en esta transacción.

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