Shearman & Sterling represented Inversiones Atlántida (Invatlan), a holding company organized under the laws of the Republic of Honduras, in connection with a Rule 144A/Regulation S offering of $300 million aggregate principal amount of its 7.50% senior secured notes due 2026. Invatlan will use a portion of the proceeds to defease its $150 million 8.25% senior secured notes due 2022.
Invatlan is one of the largest financial services groups in Honduras and, through its subsidiaries, provides a range of corporate and retail banking, insurance, pension fund management and other financial services. Oppenheimer & Co acted as sole book-runner and manager on the transaction.
The Shearman & Sterling team below was supported by Elias Zaga Belzer.