Arias, Fábrega advises BBV and Citibank in a eurodollar syndicated loan agreement

Panama firm Arias, Fábrega & Fábrega has advised Banco Bilbao Vizcaya (Argentaria) and Citibank in a US$120-million eurodollar syndicated loan agreement to subsidiaries of the Spanish company Unión Fenosa, SA. The loan was made to Unión Fenosa´s Panamanian electric distribution subsidiaries, Empresa de Distribución Eléctrica Metro-Oeste, SA and Empresa de Distribución Eléctrica Chiriquí, SA.