Capital Markets

• Volta Trucks AB in its €230 million Series C preferred shares financing and in its €37 million Series B preferred shares financing.
• Citigroup Global Markets and J.P. Morgan Securities, as initial purchasers, in connection with a Rule 144A/Reg. S offering of senior guaranteed sustainability-linked notes by The Central America Bottling Corporation.
• Citigroup Global Markets, J.P. Morgan Securities, Scotia Capital (USA), Credit Suisse Securities (USA) and Banco General, as initial purchasers, in connection with a Rule 144A/Reg. S offering of senior notes by AES Panama Generation Holdings; the largest bond issuance by a private company in Central America and the Caribbean.
• Citigroup Global Markets Inc., as initial purchaser in connection with a Rule 144A/Reg. S offering of senior notes by UEP Penonomé II, S.A., an indirect subsidiary of InterEnergy Group Ltd.; the first green project bond issuance by a private company in Central America and the Caribbean.
• BofA Securities, Inc. and Banco General, S.A., as initial purchasers, in connection with a Rule 144A/Reg. S offering of senior notes by ENA Master Trust.
• Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc., as initial purchasers, in connection with a Rule 144A/Reg. S offering of senior notes by Cable Onda.
• Banco General, S.A. on its offering of senior notes.
• Citigroup Global Markets Inc. in connection with an offering of notes by the Republic of Guatemala.
• Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC in connection with an offering of notes by Capex S.A.
• Empresa Nacional del Petróleo, a Chilean state-owned enterprise, in connection with multiple offerings of senior notes.
• Transelec S.A., Chile’s largest power transmission company, in connection with multiple offerings of senior notes.
• Aeropuerto Internacional de Tocumen, S.A., a Panamanian state-owned operator of the country’s principal international airport, in connection with multiple offerings of senior secured notes and liability management transactions.
• Autoridad del Canal de Panamá, a Panamanian autonomous legal entity, in connection with its inaugural bond offering Awarded LatinFinance Best Infrastructure Financing – Central America (2015).
• Abengoa Transmisión Sur S.A. and Abengoa, S.A, in connection with the purchase and sale of senior secured notes. Awarded IJGlobal Americas Bond Deal of the Year (2014).
• Citigroup Global Markets Inc. and J.P. Morgan Securities LLC on the Republic of Panama’s shelf takedown of bonds.

Project Development & Finance

• Panama Canal Authority with respect to the financing aspects of its $5.2 billion expansion program that created a third lane for transiting vessels, with a capacity of almost 13,200 TEUs, nearly three times the capacity of Panamax vessels, thereby supporting greater economies of scale. It involved a complex financing structure led by five multilateral/export credit agencies, including IDB, CAF, EIB, IFC and JBIC. Awarded LatinFinance Project Finance Deal of the Year (2016).
• LNG Group Panama in connection with the development and financing of a proposed LNG regasification plant and gas-fired power plant.
• The Bank of Nova Scotia, as Administrative Agent, and the lenders of a facility to refinance payment obligations of the Republic of Panama incurred in connection with the construction of road infrastructure, which was guaranteed by the Inter-American Development Bank.
• Corporate: Latin America
• Ecopetrol in its $1.5 billion joint venture with Occidental Petroleum to develop oil & gas assets in the Permian Basin in West Texas.
• The owners of Distribuidora Xtra S.A. in their sale of a stake in the company to Southern Cross Latin America Private Equity Fund.
• Organización Corona in its acquisition of Incesa, the principal supplier of kitchen and bath supplies in Central America, and the American Standard brand throughout Central America.
• SQM: Advised the independent committee of the board on an internal investigation.
• AtlasBank, a financial institution providing banking and clearing services through sophisticated technology solutions, in connection with licensing and general corporate matters.
• Ecopetrol in connection with the reorganization of the corporate ownership structure of Ecopetrol America.