Milbank Advises The Initial Purchaser On Second International Bond Offering By Tocumen Airport

Milbank, Tweed, Hadley & McCloy LLP has advised the initial purchaser in the $225 million bond offering of senior secured notes issued by Aeropuerto Internacional de Tocumen S.A., the Panamanian government-owned operator of the country's principal airport, in Panama City.

This is the second international bond offering by the issuer completed by Milbank. Proceeds from the notes were used to repay existing indebtedness, fund related transaction accounts and for general corporate purposes, including to fund expansion and maintenance capital expenditure projects.

The Milbank deal team was led by partner Marcelo Mottesi, head of Milbank's Global Capital Markets practice and co-head of the firm's Latin America Group, along with associates Kaveh Namazie, Delia Solomon, Anya Andreeva and Gonzalo Guitart.

Mr. Mottesi said: "Milbank is pleased to once again assist the...