Banking and finance

Arias, Fábrega & Fábrega

Client Satisfaction

Arias, Fábrega & Fábrega is renowned for its prowess in acting on the lender side of complex, multi-jurisdictional financings, advising an enviable client base of leading Panamanian and international banks and multilateral development organisations. The team is skilled in the full range of acquisition financings, debt refinancings and syndicated loans, and also has a strong project finance offering. In addition, its recent caseload includes advising on major M&A transactions in the Panamanian banking sector (as well as handling related regulatory approvals). At the helm of the practice, Estif Aparicio is a high-profile name for the financing of public infrastructure projects. Fernando Arias F, an expert in interbank lending, fintech initiatives and project finance, and Javier Yap Endara are other key names at the partner level. Senior international associates Cedric Kinschots, who has considerable experience in energy and infrastructure project finance, and Donald Canavaggio provide capable support.

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Key clients

UBS Securities
Citigroup Global Markets
J.P. Morgan Securities
Scotia Capital (USA)
Credit Suisse Securities
Banco General
The Bank of Nova Scotia
Citibank
Deutsche Bank
Global Bank Corporation
IDB Invest
Central American Bank for Economic Integration (BCIE)
Corporación Interamericana para el Financiamiento de Infraestructura (CIFI)
Multibank

Work highlights

Advised a syndicate of lenders on the amendment and increase of an existing multi-jurisdictional syndicated secured loan facility of up to $1.04bn granted to EnfraGen Energía Sur to finance the acquisition of six renewable energy assets in Panama and Costa Rica from Celsia Centroamerica.
Advised Banco Latinoamericano de Comercio Exterior (Bladex) on the registration of its inaugural Panamanian revolving bond programme, allowing for the issuance of up to $300m in bonds.
Acted as Panamanian counsel to McDermott International, as well as Credit Agricole and Barclays as the lenders (with an ethical wall), in connection with up to $253.6m in letters of credit facilities and $250m in term loan commitments granted to McDermott to strengthen its storage tank business.

Lawyers

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