About
Provided by Morgan & Morgan
Recent relevant transactional experience includes among others:
Advising Supermercados Xtra, S.A. in the registration of common shares for an amount of up to US$45.5 million. This transaction was the first placement of common shares in Panama by an issuer of the retail sector in the last 20 years.
Advising Banco General, S.A., and Banistmo, S.A. in the public offering and issuance by Fountain Hydro Power Corp. of corporate bonds for an amount of up to US$110 million.
Advising Cirsa, one of the leading gaming companies in Spain, Italy and Latin America, in the offering of €615,000,000 aggregate principal amount of 4.500% Secured Notes due 2027.
Advising Banco La Hipotecaria, S.A. in the public offering of Mortgage Loan Notes for an amount of up to US$112,500,000.00.
Advising Latin American Kraft Investments, Inc., a global company engaged in the business of packaging manufacturing, in the public offering of cumulative preferred shares for an amount of up to US$50,000,000.
Advising Marevalley Corporation, a holding company of subsidiaries engaged in the consumer finance business in Panama, Costa Rica, El Salvador, Nicaragua and Mexico, in the public offering of corporate bonds to be issued in series under a revolving program for an amount of up to US$150,000,000.
Chambers Review
Morgan & Morgan offers a highly regarded capital markets practice that is experienced at advising on the issuance of debt and equity securities through private placements and public offerings in Panama. The team has strong expertise across sovereign, green and corporate bond issuances, in addition to handling initial public offerings. The department is equally capable representing major corporate issuers and financial institutions acting as underwriters and initial purchasers.
Work Highlights
- Morgan & Morgan assisted First Quantum Minerals in an offering and issuance of USD1.3 billion aggregate principal amount of its 8.625% senior notes due 2031.
Strengths
Provided by Chambers
"Morgan & Morgan has a deep knowledge not just of Panama, but also in relation to structures in other jurisdictions. The team gives us many options, with their advantages and disadvantages."
"Morgan & Morgan's excellent team is made up of knowledgeable and hard-working professionals who provide a top-tier service. They are characterised by responsive and prompt communication."
"Morgan & Morgan has a deep knowledge not just of Panama, but also in relation to structures in other jurisdictions. The team gives us many options, with their advantages and disadvantages."
"Morgan & Morgan's excellent team is made up of knowledgeable and hard-working professionals who provide a top-tier service. They are characterised by responsive and prompt communication."
Notable Practitioners
Distinguished partner Francisco Arias is frequently seen acting as counsel to issuers, underwriters and initial purchasers on public and private offerings of bonds and shares in Panama.
"Francisco Arias possesses a brilliant mind, exceptional financial acumen, and a goal-oriented approach that significantly contributes to the transactions."
Dynamic partner Ricardo Arias continues to garner praise from interviewees for his skills in bond offerings and stock issuances in Panama.
"Ricardo Ariasis an excellent professional whose financial and legal knowledge is admirable. He is an intellectually curious person, very prepared and well read."
Ranked Lawyers at
Morgan & Morgan
Panama
Members
Provided by Morgan & Morgan
Alejandro Vasquez
Arantxa Fernandez
Head of Department
Katia Pallares
Miguel Arias M.
Clients
Provided by Morgan & Morgan
Avianca Holdings
Banco General
Banco La Hipotecaria
Banistmo
CM Realty
Cirsa Gaming Corporation
Credit Suisse
Deutsche Bank
Empresa Nacional de Energia
Grupo Cochez
Grupo Mercantil
Hidroeléctrica Bajos del Totuma
Inmobiliaria Nidaco
Insignia
Latin American Kraft Investments
MMG Bank Corporation
Mercantil Servicios Financieros Intl.
Morgan Stanley
Multibank
Norfolk
PANACREDIT
Supermercados Xtra
The AES Corporation
Industries
Provided by Morgan & Morgan
Banks
Education
Energy
Financial Services
Government
Mining and Metals
Real Estate
Transportaion
Utilities