Partner Arturo Gerbaud, together with senior associates, Rita de la Guardia and Rafael Marquínez, recently represented AES Panama Generation Holdings, S.R.L. in connection with a corporate bond issuance of up to US$1.4 billion in order to refinance the existing indebtedness of several AES group entities in Panama.
The issuance was structured as a 144A/Reg S offering and is registered with the Superintendence of Capital Markets of Panama and placed through the Panama Stock Exchange. This issuance is the largest bond issuance registered to this date with the Superintendence of Capital Markets of Panama, as well as in Central America and the Caribbean.
In addition, partner Arturo Gerbaud and senior associate Rita de la Guardia advised AES Panama Generation Holdings, S.R.L. in connection with a syndicated loan of up to US$105 million. Both transactions closed on August 14th, 2020.