Arnold & Porter Advises Panamanian Financial Institutions on Syndicated Loans Totaling $99 Million
NEW YORK, June 3, 2016 – Arnold & Porter LLP recently represented two Panamanian banks in obtaining loans totaling almost $100 million from Bladex (Banco Latinoamericano de Comercio Exterior, S.A.), a supranational bank established by the central banks of Latin American and Caribbean countries to promote foreign trade finance and economic integration. On May 20th, Banco Aliado closed a $59 million senior unsecured syndicated loan. On the same day, MetroBank closed a similar syndicated loan for $40 million. Arnold & Porter’s legal team included Gregory Harrington, Arturo Caraballo and Mateo Morris (visiting foreign attorney), each in the firm’s Washington, DC offices. Arnold & Porter’s Latin America Banking & Finance practice has been recognized as a leading practice in the region by Chambers and Legal 500.