Promerica Financial Corporation’s $200 Million Debt Offering


Hunton Andrews Kurth LLP (“Hunton”) advised Promerica Financial Corporation (“Promerica”) in its initial debt offering of $200 million senior secured notes due 2024 pursuant to Rule 144A/Reg. S.

The notes will be listed on the Luxembourg Stock Exchange and received a B+ and BB- credit rating from S&P and Fitch, respectively. Proceeds from the offering, which closed November 14, 2018, will be used to refinance the existing debt of Promerica and to fund future growth of Promerica and its subsidiaries.

Promerica is a Panamanian bank holding company that owns majority interests in commercial banks in nine different countries in Central America, the Caribbean and South America. Promerica has assets of U.S.$14 billion and over 12,000 employees.

Hunton advised with a team including Fernando C. Alonso (Picture), Stefano D’Aniello, Andrew Spector, Carlos García, Rail Seoane, Kim Nolte, Juan Olano, Maria Laura López Martínez, James Davidson and Cary Tolley.

Involved fees earner: Fernando Alonso – Hunton Andrew Kurth; James Davidson – Hunton Andrew Kurth; Stefano D’Aniello – Hunton Andrew Kurth; Carlos Garcia – Hunton Andrew Kurth; Rail Seoane – Hunton Andrew Kurth; Andrew Spector – Hunton Andrew Kurth; Cary Tolley – Hunton Andrew Kurth;

Law Firms: Hunton Andrew Kurth;

Clients: Promerica Financial Corp;

Author: Ambrogio Visconti