Shearman & Sterling represented Inversiones Atlántida, S.A.(“Invatlan”), a holding company organized under the laws of the Republic of Honduras, in connection with a Rule 144A/Regulation S offering of $150 million aggregate principal amount of its 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 and other financial services. This was the first international capital markets transaction by a Honduran corporate. Oppenheimer & Co. Inc. acted as sole book-runner and manager on the transaction.
The Shearman & Sterling team included partner Stuart Fleischmann (New York-Capital Markets); counsel Grissel Mercado (New York-Capital Markets); associates Brian Bishop, Francisco Cebada (both New York-Capital Markets) and Scott Lucas (San Francisco-Capital Markets); and visiting attorney Juan Vignolo (New York-Capital Markets). Other Shearman & Sterling lawyers involved in the transaction were partner Bjorn Bjerke (New York-Finance); counsel Jeffrey Tate (Washington, DC-Tax); and associate Azeka Abramoff (Washington, DC-Tax).