Alcogal acted as Panama counsel to a US-based investment management firm, in relation to a US$456 million loan granted to an aviation-industry Panamanian holding company.

The repayment of debt involved complex steps prior to the release of collateral by our client, and which were incorporated to the loan agreement for purposes of protecting its interests.

The transaction was closed in November 2018.

Partner Eloy Alfaro B. and associates Mario Vlieg and Diego Anguizola participated in this transaction.