Alcogal represented Multibank, Inc.  in connection with the issuance of its first international debt offer for an amount of USD$300 million under 144a/Reg S rules of the securities market of the United States of America, underwritten by Mizuho Securities USA LLC and UBS Securities LLC.

The transaction closed in November 2017.

Partner Arturo Gerbaud, along with associates Rafael Marquínez and Rita de la Guardia, participated in this transaction.

Alcogal participated as adviser to Merrill Lynch, Pierce, Fenner & Smith Incorporated, and JP Morgan Securities LLC in the 144A/Reg S issuance by Peruvian holding company, Intercorp Financial Services Inc., worth US$300 million.

The transaction closed in October 2017.

Partner Eloy Alfaro, along with associate Rita de la Guardia, participated in this transaction.

Alcogal represented Banistmo S.A. in connection with the issuance of its first international debt offer for an amount of USD$500 million under 144a/Reg S rules of the securities market of the United States of America, underwritten by JP Morgan Securities LLC and Morgan Stanley & Co. LLC.

The transaction closed in September 2017.

Partner Arturo Gerbaud, along with associates Rafael Marquínez and Rita de la Guardia, participated in this transaction.

Alcogal advised Credit Suisse as Panama counsel in a loan agreement to AGP America S.A. and other borrowers. The loan proceeds will be used to cancel existing indebtedness of glass production and supplier companies AGP America (Panama), AGP Colombia, and AGP Peru, in three different jurisdictions, as well as for expansion of an e-glass plant in Lima and for corporate purposes.

The credit agreement is governed by New York law, but collaterals have been allocated mainly in Colombia and Peru, with movable assets and real estate property of AGP subsidiaries in such countries being transferred to a newly constituted trust estate in order to secure repayment. Also, securities have been established under New York Law. The transaction totaled US$85 million and closed in August 2017.

Partner Eloy Alfaro, along with associate Rita de la Guardia, participated in this transaction.