Greenberg Traurig Serves as Initial Purchaser’s Counsel in Inversiones Atlántida, S.A.’s U.S.$150 Million Bond Offering
NEW YORK – August 2, 2017 – Global law firm Greenberg Traurig, LLP acted as U.S. counsel to Oppenheimer & Co., Inc., the initial purchaser and sole bookrunner, in the US$150 million senior secured note offering by Inversiones Atlántida, S.A. ("Invatlan"), one of the largest financial services groups in Honduras. Invatlan, through its subsidiaries, offers a number of insurance, corporate banking, retail banking and other financial services. The offering is the first corporate bond in the international capital markets by a Honduran issuer. The five-year notes have an interest rate of 8.25% and mature in 2022.
Invatlan intends to use the proceeds of the bond for repayment of existing debt and for general corporate purposes, including acquisitions and a capitalization of Banco Atlántida, a wholly-owned subsidiary of Invatlan. The offering was made in the United States in reliance on Rule 144A and outside the United States in reliance on Regulation S.
The Greenberg Traurig team was led by Marc M. Rossell (New York), a shareholder in the Latin American and Iberian Practice and the firm’s Corporate Practice. Additional team members included shareholders Mary F. Voce (New York) and Todd E. Bowen (New York), of counsel Godric C. Shoesmith (New York), associates Juan Delgado (Miami) and Alexis E. Kleiman (New York), and foreign law clerk Santos Gonzalez Victorica (Miami).
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