Morgan & Morgan advises Panama’s Parque Sur on $100m notes offering
Morgan & Morgan has advised Parque Industrial y Corporativo Sur, a 103-acre storage and logistics complex in Panama’s Zona Franca, in relation to its public offering of revolving corporate bonds of up to $100 million.
The bonds will be issued in multiple series, which may be senior series or subordinated series under a revolving program in which the outstanding principal balance of the bonds issued and owed, in a single moment, may not exceed $100 million.
The series A of the Bonds may be guaranteed with a guarantee trust that has the usual assets for this type of transaction, such as monies, assigned rights, mortgages, among others, the Panamanian law firm said.
Morgan & Morgan partners Kharla Aizpurua Olmos and Roberto Vidal (both pictured) advised Parque Sur on the offering.
