News and developments

Morgan & Morgan Legal advised Supermercados Xtra, S.A. in connection with the offering and issuance of corporate bonds for an amount of up to US$100 million.

BG Trust, Inc., an affiliate of Banco General, S.A., is the trustee of a collateral trust that secures the Issuer’s obligations under the bonds. Banco General, S.A. is acting as paying agent and underwriter of the bonds and BG Investment Co., Inc. and BG Valores, S.A. acted as local broker dealers of the bonds. Partners Francisco Arias G., Roberto Vidal and Ricardo Arias A. participated in this transaction.