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Alcogal advised Credit Suisse as Panama counsel


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.



Company History

ALEMAN, CORDERO, GALINDO & LEE was established in 1985 and has quickly become one of Panama's leading law firms in the offshore area as well as in banking law and in representing large corporations doing business in the country. The firm's offshore practice is supported by its offices in the Bahamas, Belize, British Virgin Islands, Dubai, Geneva, Hong Kong Continue reading ...