Metro de Panamá’s Financial Restructuring

Icaza, González-Ruiz & Alemán, Arias, Fábrega & Fábrega and Morgan & Morgan advised on the transaction

Metro de Panamá, S.A. executed it restructuring by a $315.6 million credit facility provide by Banistmo and by a negotiation of repayments terms for its $526 million notes.

UBS Securites and Citigroup Global Markets acted as joint lead arrangers y bookrunners on the transaction.

Icaza, González-Ruiz & Alemán in Panama and Maples in cayman islands advised Metro de Panamá, S.A. on the transaction.

Arias, Fábrega & Fábrega – ARIFA advised UBS Securites LLC, Citigroup Global Markets Inc. and Panama Metro Certificates Limited (PMCL) with a team including Estif Aparicio (Picture), Cedric Kinschots, Javier Yap Endara and Daniela Delvalle.

Morgan & Morgan advised Banistmo S.A. with Kharla Aizpurúa Olmos.

Involved fees earner: Estif Aparicio – Arias Fabrega & Fabrega; Daniela Delvalle – Arias Fabrega & Fabrega; Cedric Kinschots – Arias Fabrega & Fabrega; Javier Yap Endara – Arias Fabrega & Fabrega; Kharla Aizpurua Olmos – Morgan & Morgan;

Law Firms: Arias Fabrega & Fabrega; Morgan & Morgan;

Clients: Banistmo S.A.; Citigroup Global Markets Ltd; Panama Metro Certificates Limited; UBS Securities LLC;

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Author: Ambrogio Visconti.