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Panama, June 23, 2025. Morgan & Morgan provided legal counsel in connection with the public offering of a Revolving Corporate Bond Program for US$100,000,000.00. The bonds registered with the Superintendency of Capital Markets (SCM) of Panama and listed on the Latin American Stock Exchange (Latinex). The transaction was structured to refinance existing third-party debt and support general corporate purposes.
The first series of secured bonds, valued at US$33,100,000, was successfully offered and placed through Latinex and is secured by a guarantee trust. The proceeds from the bonds will enable the issuer to repay outstanding debts and fund capital expenditures.
The transaction involved a prominent real estate group with over 40 years of experience in Panama, known for developing high-standard commercial and logistics spaces. The group owns and leases premium office and retail units in a landmark building located in Costa del Este. Morgan & Morgan’s scope of work included drafting and filing offering documentation, securing regulatory approvals with SCM and Latinex, and guiding the client through the administrative process before the SCM to obtain final approval for the public offering of the bonds. Additionally, the firm advises the issuer on the listing and placement of the first series of bonds through Latinex, among other matters.
Partners Ricardo Arias and Ana Carolina Castillo, international associate Miguel Arias, and associate Perla Piña, participated in this transaction.