Market: Panama

Tocumen makes largest company bond offer on Panama’s Latinex

The operator of Panama City’s international airport Tocumen has hired three offices of Shearman & Sterling LLP and Icaza, González-Ruíz & Alemán in Panama City to issue bonds worth US$1.85 billion.

31 August 2021

Panama’s third metro line obtains US$2 billion financing

Three offices of US firm Milbank have helped a group of banks provide a US$2 billion financing to Metro de Panama Line 3.

27 August 2021

Enel and Panama settle ICSID dispute

Panama has agreed to pay Italian energy company Enel to settle an International Centre for Settlement of Investment Disputes (ICSID) case over delay in the construction of an electricity transmission line.

24 August 2021

Plastics maker issues Peru’s first global sustainability-linked bond

Peruvian plastic packaging company San Miguel Industrias (SMI) has hired Skadden, Arps, Slate, Meagher & Flom LLP in New York and BBGS Abogados (Peru) to issue sustainability-linked bonds and launch a tender offer, with both transactions worth a total of US$585 million.

16 August 2021

French business solution company buys Colombian counterpart

French business solutions provider Webhelp has enlisted five offices of Latham & Watkins LLP, several offices of Central American law firm Arias, Mexican firm González Calvillo, SC and Posse Herrera Ruiz in Bogotá to acquire Colombia’s OneLink.

11 August 2021

Spanish contractor to settle Panamanian hospital dispute

A Spanish construction company has reportedly agreed to withdraw a US$125 million International Chamber of Commerce (ICC) claim against a Panamanian state entity over a hospital project that was disrupted by a bribery investigation and the covid-19 pandemic.

06 August 2021

Several firms in Central American technology acquisition

US technology company DigitalReef has enlisted Wick Phillips in Dallas, Brazilian firm Dias Carneiro Advogados and Arias in Nicaragua and Panama to acquire IMOX Technologies.

06 August 2021

Multiple firms steer Lumen’s US$2.7 billion LatAm business sale

US private equity company Stonepeak has enlisted Simpson Thacher & Bartlett LLP in New York and Palo Alto as lead international counsel to buy Lumen Technologies’ Latin American business for US$2.7 billion.

05 August 2021

Electricity distributor makes landmark debt placement in Panama

Panamanian power distributor Elektra Noreste has enlisted Clifford Chance LLP in New York and Washington, DC and local firm Alemán, Cordero, Galindo & Lee to raise US$100 million in the first private placement on the Latin American stock exchange in Panama.

30 July 2021

BLP helps FMO in Central American banking loan

Dutch development bank FMO has enlisted BLP (El Salvador) to provide a US$60 million loan to Banco La Hipotecaria in El Salvador and Panama.

27 July 2021

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