Milbank, Tweed, Hadley & McCloy LLP represented the initial purchasers in the $550 million offering of 4.125% Senior Notes due 2027 by Banco General, S.A.
Banco General, S.A., together with its subsidiaries, provides various financial services in the Republic of Panama and internationally.
The Milbank deal team was led by Global Capital Markets partner Marcelo Mottesi, along with associates Gladisley Sánchez and Samantha Kwartler.
Mr. Mottesi, head of Milbank’s Global Capital Markets practice and co-head of the firm’s Latin America Group, said: “We are pleased to remain a market leader in Panama and are delighted to represent the initial purchasers in Banco General, S.A.’s inaugural bond offering, something we have become well known for in the region.”
Milbank continues to be the dominant legal choice for Panamanian companies and maintains a deep client base in the country. Recent transactions in Panama include: Aeropuerto Internacional de Tocumen S.A., the Panamanian government-owned operator of the country’s principal airport, The Panama Canal Authority (ACP), Copa Airlines, AES Panama, AES Changuinola, and PTP Trans-Panama Pipeline, to name a few.
Milbank has one of the strongest financial institution practices in Latin America. To date, in the region, they have represented banks in nearly every Latin American country and recently represented Banco Santander S.A. in its $1 billion Euro Certificate of Deposit Program offering, the underwriters in the $1 billion bond offering by Banco Nacional de Costa Rica (the first international debt offering of Costa Rica’s largest bank), the initial purchasers in the COP$946 million offering of notes by Financiera de Desarrollo Territorial S.A. (Findeter), the underwriters in various bond offerings and the $829 million secondary offering by Banco de Chile, the initial purchasers in the $250 million offering of subordinated resettable notes by Banco de Galicia y Buenos Aires, the initial purchasers in numerous bond issuances by Banco de Crédito del Perú, the $300 million offering of senior notes by Banco GNB Sudameris S.A., and many more.
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm that provides innovative legal services to clients around the world. Founded in New York 150 years ago, Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Seoul, Singapore, Tokyo and Washington, DC.
Milbank’s lawyers collaborate across practices and offices to help the world’s leading commercial, financial and industrial enterprises, as well as institutions, individuals and governments, achieve their strategic objectives.
