Capital Markets

For years, FABREGA MOLINO has represented issuers and subscribers in capital markets, advising large companies in initial public offerings, issuance of shares and debts, structuring and registration of investment funds, as well as assistance to many clients in obtaining different types of licenses before the Superintendence, including securities administration and investment funds.

The firm advises the largest companies in Panama in their offers. The diverse practice of the capital markets of the firm includes the representation of financial institutions that cover the entire life cycle of financing.

The firm has had the opportunity to participate as legal advisors to sellers and buyers, in most of the Public Security Offers that have been made in Panama. All these experiences have brought a professional enrichment to our team of lawyers.

Relevant transactions:

• Legal Advisors of Central America Bottling Corporation (CBC) and CBC Management Investment Inc., in connection with the issuance and sale by CBC of an additional Two Hundred million dollars (US$200,000,000.00) principal amount of its Senior Guaranteed Notes due in 2027 based on Rule 144A and Regulation S.
• Legal Advisors of Prival Bank, S.A., Structuring Agent of the Public Issuance of Corporate Bonds of the company Compañía Insular Americana, S.A., with a nominal value of up to Ninety million dollars (US$90,000,000.00), authorized for sale in public offering by the SMV, under Resolution SMV No. 302-19 of August 9, 2019.
• Legal Advisors in the structuring of a Private Fund for investment in emerging companies, up to Twenty million dollars (US$20,000,000.00).
• Legal Advisors in the structuring and maintenance of Private Investment Funds for Latin American SupperApps, Cryptocurrency Funds and other technological ventures.
• Legal Advisors of Banco General, S.A., Structuring Agent of the Public Issuance of Corporate Bonds of Banco Panameño de la Vivienda, S.A., with a nominal value of up to One hundred million dollars (US$100,000,000.00), authorized for sale on public offer by the Superintendence of the Securities Market of the Republic of Panama (SMV), under Resolution No. SMV-355-18 of August 10, 2018.
• Legal Advisors of Metro Holding Enterprises Inc.,  in the listing of Common Shares, with a nominal value of up to Eighty-six million five hundred and fifty-nine thousand ninety-eight dollars (US$86,559,098.00), authorized for listing in the secondary by the SMV under Resolution No. SMV-301-17 of June 12, 2017.
• Legal Advisors and Structuring Agent of the Public Issuance of Common Shares of the Sociedad Prima de Inversión Inmobiliaria, S.A. or PRIMA SII, SA, with a nominal value of up to Ten million dollars (US$10,000,000.00), authorized for sale in public offering by the SMV, under Resolution SMV No. 264-15 of May 15, 2015.
• Legal Advisors of Prival Securities, Inc., Structuring Agent of the Public Issuance of Common Shares of Prival Private Equity Fund, S.A., with a nominal value of up to Five Hundred Million Dollars (US$500,000,000.00), authorized for sale on public offer by the SMV, under Resolution SMV No. 371-15 of June 18, 2015.
• Legal Advisors of Prival Securities, Inc., Structuring Agent of the Public Issuance of Common Shares of Prival Real Estate Fund, S.A., with a nominal value of up to Five Hundred Million Dollars (US$500,000,000.00), authorized for sale on public offer by the SMV, under Resolution SMV No. 372-15 of June 18, 2015.
• Legal Advisors of Banco General S.A., Structuring Agent of the Public Issuance of Corporate Bonds of Banco Panameño de la Vivienda, S.A.,  in the following public offerings: (1) Resolution SMV No. 467-15 of July 30, 2015 with a nominal value of up to One hundred million dollars (US$100,000,000.00); (2) Resolution SMV No. 495-15 of August 13, 2015 with a nominal value of up to Fifty million dollars (US$50,000,000.00); (3) Resolution SMV No. 73-14 of February 21, 2014 with a   with a nominal value of up to Fifty million dollars (US$50,000,000.00);  (4) SMV No. 224-13 of June 27, 2013 with a nominal value of up to One hundred million dollars (US$100,000,000.00).
• Legal Advisors of Prival Bank, S.A., Structuring Agent of the Public Issuance of a Revolving Program of Structured Notes of Prival Finance, S.A. with a nominal value of up to Two hundred million dollars (US$200,000,000.00), authorized for sale in public offering by the Superintendence of the Securities Market of the Republic of Panama, under SMV Resolution No. 161-14 of April 4, 2014.
• Legal Advisors of Prival Bank S.A., Structuring Agent of the Public Issuance of Corporate Bonds of Condado Properties Inc., with a nominal value of up to Twenty-seven million dollars (US$27,000,000.00), authorized for sale in public offering by the Superintendence, under Resolution SMV No. 273-13 of July 18, 2013.

News & Insights