We provide legal solutions for your business in Central America.

We are the only law firm with specialized lawyers dedicated exclusively to their practice areas in the five countries of the Central American region, guaranteeing the highest standard of technical quality for our clients. We have the largest team in the Central American region with +200 lawyers located in 9 offices in Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica; which gives us the ability to offer personalized attention in high volume regional matters through a single point of contact for your regional needs, providing you with an agile and efficient coordination that results in a standardized and effective final product.

• Banking and finance
• Investment funds
• Restructuring
• Capital markets: Debt
• Capital markets: Equity
• Competition
• Covered bonds
• Financial restructuring
• Financial services regulatory
• Investment funds
• M&A
• Private equity
• Project bonds
• Project development
• Project finance
• Securitisation

Banking and Finance
Álvaro Castellanos
acastellanos@consortiumlegal.com
 
Recent transactional highlights:

• CMI green bond issuance - US$700,000,000.00 - Consortium - Legal (Guatemala) acted as local counsel to Citigroup Global Markets, Inc.  in connection with the green bond issuance by Investment Energy Resources Limited (IERL), a subsidiary of the Guatemalan Corporación Multi Inversiones (CMI) of $700 million. The senior bonds had a coupon rate of 6.25% with maturity in 2029. At US$700 million, the issuance is thought to be the largest-ever green debt tap made by a renewable energy company in Central America and the Caribbean. The notes also represent the company’s first green debt tap and one of the first corporate bonds with environmental targets in Central America.

• Investment Energy Resources Limited issuance of US$700 million 6.250% Senior Secured Notes due 2029 - Consortium Legal - Guatemala and Honduras acted: (i) as Guatemalan and Honduran legal advisers to Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as joint Bookrunners and initial purchasers of the Senior Secured Notes for US$700,000,000.00 at a fixed rate of 6.250% maturing in 2029 (the “Bonds”) issued by Investment Energy Resources Limited guaranteed by certain of its subsidiaries (Renace, SA , Energía Eólica de Honduras, SA, Soluciones Energéticas Renovables, SA de CV, Sistemas Fotovoltáicos de Honduras, SA, Alisios Holdings, SA, Costa Rica Energy Holding, SA, Vientos del Volcán, SA, Inversiones Eólica Campos Azules, SA, Inversiones Eólica Guanacaste, SA, Inversiones Eólica de Orosí Dos, SA, Eolo de Nicaragua, SA and WCG Energy, Ltd.); and (ii) as legal advisers to Banco Latinoamericano de Comercio Exterior, S.A., Banco Industrial, S.A., Westrust Bank (International) Limited, Banco Davivienda Salvadoreño, S.A., Banco Davivienda (Costa Rica), S.A., Banco Davivienda (Panamá), S.A. and Banco Davivienda, S.A. as Lenders of the Guaranteed Credit Facility for an amount of up to US$440,000,000.00 granted to Investment Energy Resources Limited guaranteed by certain of its subsidiaries (Renace, SA, Energía Eólica de Honduras, SA, Soluciones Energéticas Renovables, SA de CV, Sistemas Fotovoltáicos de Honduras, SA, Alisios Holdings, SA, Costa Rica Energy Holding, SA, Vientos del Volcán, SA, Inversiones Eólica Campos Azules, SA, Inversiones Eólica Guanacaste, SA, Inversiones Eólica de Orosí Dos, SA, Eolo de Nicaragua, SA and WCG Energy, Ltd.) The funds from the Bonds and the Financing will be used to refinance certain credit facilities previously formalized to finance certain of the Renewable Energy projects of its Subsidiaries.

Corporate

Sofía Escribá
sescriba@consortiumlegal.com
 
Recent transactional highlights:

• Millicom takes full ownership of Tigo Guatemala for $2.2bn
• Millicom has taken full ownership of its joint venture businesses in Guatemala (Tigo Guatemala), acquiring the remaining 45% equity interest from its local partner, Miffin Associates Corp, for $2.2 billion in cash.
• Millicom now owns a 100% equity interest in Tigo Guatemala. The deal is expected to increase the company's equity free cash flow by approximately $200 million before incremental financing costs.
• Millicom obtained a US$2.2 billion bridge credit facility from a group of international banks to finance the acquisition. The company hired Jones Day in Miami, while the banks enlisted Milbank in New York.
• Subsequently, the telecoms group plans to raise US$1.5 billion in a long-term debt issuance.
• The transaction is one of the largest acquisitions in Guatemala

• Banking
• Construction and materials
• Consumer goods and services
• Financial services
• Food and beverage
• Industrials
• Oil and gas
• Pharm and life sciences

El Salvador
Edificio Avante Local 313, Urb. Madre Selva III.
Calle Llama del Bosque Poniente.
La Libertad, El Salvador
T: +503 2209 1600
E: elsalvador@consortiumlegal.com
 
Honduras
Primera Calle # 304 – Torre Consortium I.
Colonia La Estancia, Final del Bulevar Morazán
Tegucigalpa, Honduras
T: +504 2221 1002
E: honduras@consortiumlegal.com
 
Edificio Banco de Occidente, Local #5
Frente a la Plaza Pedregal Bulevar hacía Banco del País, Sector Noroeste.
San Pedro Sula, Honduras
T: +504 2566 0840
E: honduras@consortiumlegal.com
 
Nicaragua
Del antiguo Hospital Militar, 1 cuadra al Norte.
Edificio Consortium Legal.
Managua, Nicaragua
T: +505 2254 5454
E: nicaragua@consortiumlegal.com
 
Costa Rica
150mts oeste de la entrada principal de Oficentro El Cedral, Escazú.
Edificio Banco General 6º piso
Escazú, Costa Rica
T: +506 2289 0750
E: costarica@consortiumlegal.com 

Liberia, Centro Comercial Plaza Futura, Local #35
Guanacaste, Costa Rica
T: +506 8345 4548 / 8346 9465
E: costarica@consortiumlegal.com