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News Nov 14, 2018

Aeropuerto Internacional de Tocumen’s $650 Million Senior Secured Notes Offering

Shearman & Sterling represented Aeropuerto Internacional de Tocumen, S.A., the Panamanian government-owned operator of the country’s principal international airport, in connection with the reopening of US$650 million aggregate principal amount of its 6.000% senior secured notes due 2048.  Citigroup Global Markets Inc. acted as sole initial purchaser for the offering. The proceeds of the offering will be used to redeem the 5.75% corporate 2013 notes due 2023 registered with the Superintendencia del Mercado de Valores of Panama.

The notes were listed on the Panamanian Stock Exchange and will be listed on the Luxembourg Stock Exchange.

The Team