Banking and Finance

Since our foundation, Banking and Finance has been one of the strongest departments at FABREGA MOLINO. The Firm´s clients include some of the largest local and international banks that operate in the Republic of Panama, Trust companies, and other institutions.

The Firm has extensive experience in advising banks concerning a wide range of financial transactions and representing their interests as agents, arrangers, and lenders, as well as corporate borrowers. Our practice covers a wide range of services to meet the needs of our customers in the process of establishing and developing a banking operation in Panama.

Our services include requests to the Superintendence of Banks of Panama for the different types of banking licenses, fiduciary company licenses, and any regulatory assistance to the operation of banks and trust companies.

FABREGA MOLINO is up to date with the new regulations in the banking and financial sector to advise clients on the content and applicability of these regulations. The goal is to protect our clients with our legal assistance and legal opinions.

Our banking and finance lawyers collaborate with lawyers dedicated to other practices in order to develop innovative financial structures and facilitate transactions that include mergers and acquisitions of local and international companies.

Relevant Transactions:

  • We advised a Panamanian trust entity to act as trustee and collection manager, on behalf of the banking entity that acquired the no objection certificates issued by the Metro of Panama, under the design engineering services contract, construction of civil works, auxiliary facilities of the line and stations, supply and installation of the integral rail system of Line 2 of the Panama Metro.
  • The Firm advised an important economic group with representation in several Latin American countries and was responsible for the structuring of a syndicated refinancing among twelve Panamanian banks, consisting of three facilities for the total amount of up to US$ 28,934,039.26, and their respective guarantees. 
  • Legal advisors in the financing and expansion of the Bahía Las Minas power plant. The Firm acted as legal advisor to one of the banks participating in the transaction, reviewing all legal documentation.
  • The Firm advised an international financial institution in the granting of a loan of US$ 300,000,000.00 to a Panamanian operating company, guaranteed with garments and mortgages of assets located in Panama.
  • Legal advisors of a Panamanian bank with a general license to practice the banking business in the Republic of Panama, respecting the amendment of a Long Term Syndicated Loan granted to a foreign bank, together with 5 foreign banks, for the sum of US$ 122,500,000.00, for the Re-profiling of the remaining balance of the loan of 2016 and additional financing for general corporate uses and to pay expenses related to the transaction.
  • Legal consultants of a local capital banking entity with a general license to exercise the banking business in the Republic of Panama, in relation to their participation in a syndicated credit facility up to the amount of US$ 50,000,000.00, granted in favor of a company incorporated and existing in accordance with the laws of the Republic of Panama, for the partial financing of the purchase of issued and outstanding shares of a bank incorporated and existing in accordance with the laws of the Republic of Panama.
  • Legal advisors of a local capital banking entity with a general license to practice in the banking sector in the Republic of Panama, in connection with the negotiation, preparation and execution of an Insurance Agreement with a US banking and financial services holding company world.
  • Legal advisors of a bank with Panamanian capital with a general license to exercise the banking business in the Republic of Panama, in relation to its participation in a Syndicated Loan up to the sum of US$ 72,000,000.00, in favor of an important company incorporated under the laws of the State of Delaware, dedicated to the development of fast food franchises. The funds will be used to finance the acquisition of 100% of the shares of a company and its subsidiaries, which handles the operations of certain franchises in Chile and Argentina.
  • Legal advisors of a bank of Panamanian capital with a general license to exercise the banking business in the Republic of Panama, with respect to the Syndicated Loan up to the amount of US$ 150,000,000.00 granted to a Costa Rican telecommunications company.
  • Legal advisors of a bank with Panamanian capital with a general license to exercise the banking business in the Republic of Panama, regarding the Syndicated Loan up to the amount of US$ 15,000,000.00, granted to a Costa Rican communication company, communications provider focused on Latin America, to finance the acquisition of 80% of the assets of another company in the sector.
  • Legal advisors of a local bank with general license to exercise the banking business in the Republic of Panama, in relation to their participation in a syndicated credit facility for up to US$ 75,000,000.00, in favor of a shipping company German listed on the stock exchanges of Frankfurt and Hamburg, for re-profiling existing debt and corporate purposes.
  • Legal advisors of a local capital bank with a general license to practice the banking sector in the Republic of Panama, in relation to its participation in two syndicated credit facilities for up to US$ 150,000,000.00, to finance the acquisition of 100% of the shares of the company holding the shares of a sugar mill in Honduras.
  • Legal advisors of a bank with Panamanian capital with a general license to exercise the banking business in the Republic of Panama, in its capacity as debtor in relation to the credit facility for US$ 10,000,000.00, granted by an international bank, and mortgage guarantees on movable assets.
  • Legal consultants of a local capital banking entity with a general license to exercise the banking business in the Republic of Panama, in relation to their participation in the syndicated credit facility up to the amount of US$ 150,000,000.00, granted to a liability company limited under the laws of the Cayman Islands, in conjunction with several Financial Institutions.

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Juan Pablo Fábrega Polleri

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