Banco General’s $550 Million Notes Offering


Shearman & Sterling, Arias, Fábrega & Fábrega, Milbank and Alemán, Cordero, Galindo & Lee -Alcogal advised on the transaction

Banco General S.A. in Panamá finalized the offering of $550 Million 4.125% Notes due 2027.

J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as initial purchasers.

Banco General, S. A., together with its subsidiaries, provides various financial services in the Republic of Panama, Latin America, the Caribbean, the United States, and internationally. The Firm, led by Francisco Sierra, Luis García de Paredes, Federico A. Humbert Azcárraga, Raúl Alemán Zubieta and Juan Raúl Humbert, is based in Panama City.

Shearman & Sterling LLP advised Banco General S.A. with Manuel Orillac (Picture), Maria Larsen and Erika Khalek.

Arias, Fábrega & Fábrega advised Banco General S.A. with Ricardo Arango, Andrés Rubinoff and Ana Isabel Quijano.

In US, Milbank, Tweed, Hadley & McCloy advised J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated with Marcelo A. Mottesi, Gladisley Sánchez and Samantha Kwartler.

Alemán, Cordero, Galindo & Lee -Alcogal- advised the Initial Purchasers with Arturo Gerbaud, Rafael Marquinez and Rita de la Guardia.

Involved fees earner: Arturo Gerbaud de la Guardia – Alemán, Cordero, Galindo & Lee; Rafael Marquínez – Alemán, Cordero, Galindo & Lee; Rita de la Guardia – Alemán, Cordero, Galindo & Lee; Ricardo Arango – Arias Fabrega & Fabrega; Andrés Rubinoff – Arias Fabrega & Fabrega; Ana Isabel Quijano – Arias Fabrega & Fabrega; Marcelo Mottesi – Milbank; Gladisley Sanchez – Milbank; Samantha Kwartler – Milbank; Manuel Orillac – Shearman & Sterling; Maria Marulanda Larsen – Shearman & Sterling; Erika Khalek – Shearman & Sterling;

Law Firms: Alemán, Cordero, Galindo & Lee; Arias Fabrega & Fabrega; Milbank; Shearman & Sterling;

Clients: Merrill Lynch, Pierce, Fenner & Smith Incorporated; JP Morgan Securities; Banco General, S.A.;

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Author: Ambrogio Visconti