The banking, finance and capital markets team of Alcogal recently represented Credit Suisse and other lenders in connection with a credit facility of up to US$100 million for the German glass manufacturing company AGP America S.A.

The loan is distributed in three tranches:

  • Part A-1 of US$40 million dollars.
  • Part A-2 of US$25 million dollars.
  • Part B of US$35 million dollars.

The financing benefits AGP subsidiaries in Peru, Colombia, Belgium and Panama.

The transaction was completed on June 2nd and funds from the loan will be used to refinance existing debt, for the development of the Soliver acquisition and working capital.

In June 2018, AGP acquired the Belgian company Soliver to expand its business for the design and manufacture of automobile glass.

Aleman, Cordero, Galindo & Lee advised Credit Suisse as a guarantee agent and representative of the lenders.

Alcogal’s team for this financing deal, which closed on June 2019, was led by partner Eloy Alfaro B., who was assisted by associate Rita de la Guardia.

About AGP America S.A.

AGP America S.A is a subsidiary of AGP Group.

AGP is a leading global specialty glass manufacturer with over 50 years of experience. The AGP Group has developed a large portfolio of products for the automotive, marine, mass transit, and military markets. The company maintains the industry’s highest levels of innovation, quality and performance.

AGP is a global leader in state-of-the-art specialty glass production, with advanced laminating, tempering and armoring lines that deliver products that adhere to the strictest technical specifications.

Their international presence enables them to respond quickly to their customers’ requirements with competitive lead times and on-site technical support.

Their goal is to be the preferred global partner for complex glazing solutions.

AGP has four manufacturing facilities; AGP eGlass (Lima), AGP Brazil (Curitiba), AGP Perú (Lima), AGP Colombia (Bogotá), also commercial and technical offices in five continents with more than 500 clients in 50 countries.

Credit Suisse AG

Credit Suisse AG is an international financial services group.

The Bank offers private and investment banking, wealth and asset management, personal and business loans, and advisory services. Credit Suisse serves corporate, high net worth individuals, and institutions worldwide.

Alcogal – Manufacturing companies lawyers in Panama

Alemán, Cordero, Galindo & Lee is a leading, full-service Panamanian law firm that assists both domestic and foreign clients. 

At Alcogal, we strive to grow alongside our clients and pride ourselves with timely, efficient and first-rate legal advice in a highly collaborative manner. Consistently ranked by leading industry publications as top tier in Panama, our experienced team of attorneys and professional staff are uniquely qualified and committed to providing insightful and comprehensive legal advice to our client.

If need more information about our services as manufacturing companies lawyers in Panama, contact us.

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