Cecilio Castillero
Partner
Banking & Finance / Corporate and M&A / Energy
Bar admissions: New York and Panama
New York law experience: Milbank LLP
Summary
Cecilio Castillero’s practice focuses on complex transactions, including corporate and project financings, mergers and acquisitions, joint ventures and construction contracts. He has extensive experience representing leading financial institutions with a deep understanding of the market’s practices and standards, and clients’ internal policies. Mr. Castillero also has outstanding deal management and organizational skills, and extensive experience in coordinating multijurisdictional matters involving numerous parties and legal counsels.
Rankings
- Chambers & Partners, Global, Band 2, Corporate/Commercial: Banking & Finance – Panama
- Chambers & Partners, Latin America, Band 2, Banking & Finance – Panama
- Chambers & Partners, Latin America, Band 4, Projects & Energy – Panama
- The International Who’s Who of Business Lawyers, leading attorney in Panama, banking (2012-2015) and project financing (2014-2020)
- LACCA Approved banking private practitioner (2012-2016)
- IFLR1000, leading financial and corporate lawyer, Panama (2012-2016)
Experience outside SIGMA
- Milbank, Tweed, Hadley & McCloy LLP, New York, associate, 2000-2010
- Arias, Fábrega & Fábrega, Panama City, senior counsel, 2010-2016
Education
- Juris Doctor, magna cum laude, Order of the Coif, Tulane University
- LL.B., Columbus University
- Master of Music, phi kappa phi, phi kappa lambda, University of Southern California
Significant Panamanian Transactions
- Glenfarne Group, US$1.76 billion debt raise, consisting of a US$710 million project bond offering pursuant to Rule 144A and Regulation S and a pari passu US$1.05 billion credit facility
- Banistmo, US$400 million senior note offering pursuant to Rule 144A and Regulation S
- InterEnergy Group, US$262.7 million senior secured bond offering by UEP Penonomé II, S.A., the largest wind farm in Central America, pursuant to Rule 144A and Regulation S. This is the first green project bond issuance by a private company in Central America
- Banco Santander, US$65 million credit facility to Sinea, a plastic producer with operations across Latin America
- The Bank of Nova Scotia, extension by Panamanian Government of the maturity date of US$220 million in governmental IOUs relating to road reorganization projects
- Banco General, corporate financing of Hoteles Decameron
- Banco Internacional de Costa Rica, US$71 million project financing for Phase I of the first wind power project in Panama
- Bladex, syndicated loan to Promérica for the acquisition of certain Central American targets
- Consorcio Línea 2, financing by UBS of the construction of Line 2 of the Panamanian metropolitan railway
- Glenfarne Group, refinancing of US$65 million in existing debt of its three hydroelectric power plants
- InterEnergy Group, acquisition of the largest solar farm in Panama and negotiation of related engineering, procurement and construction agreement and operation and maintenance agreement
- Grupo Hospiten, acquisition of Centro Médico Paitilla, one of the largest hospitals in Panama City
- Bocas del Toro Energía, divestiture of the hydroelectric generation project Changuinola II
- Patton, Moreno & Asvat, structuring of trusts for the divestiture of Félix B. Maduro and the Soho Mall by their OFAC-listed owners
- Darby Overseas, minority investment in the Biopas Group
- Bancolombia, financing for Corporación de Energía del Istmo of the construction of two hydroelectric power generation plants;
Banco Internacional de Costa Rica, US$22 million project financing for Hidroeléctrica San Lorenzo - InterEnergy Group, acquisition of Phase II of the first wind power project in Panama, bridge financing by Banco Espirito Santo and definitive project financing by the International Finance Corporation
- Glenfarne Group, acquisition of Hidrotenencias, the holding company of three hydroelectric power plants located in Panama
- Panamanian Government, acquisition of Mi Bus as the concessionaire of bus transportation in Panama City
- Grupo Industrias Lácteas, its acquisition by The Coca-Cola Company (USA) and Coca-Cola FEMSA (Mexico)
- Oiltanking, acquisition of COASSA, an oil terminal located in the city of Colón
- PPG Industries, acquisition of the assets of a logistics company located in Panama
- The Bank of Nova Scotia, US$44.9 million turnkey-contract type financing for Degrémont of the project for the sanitation of the Panama City bay
- Citibank, N.A., turnkey-contract type financing of the construction of a public market by the Consortium CLEOP-Mejores Acabados
- Citibank, N.A., turnkey-contract type financing of three governmental projects entered into with subsidiaries of Finmeccanica
- Banco General, corporate financing of Phoenix Tower International
- Bladex, US$80 million syndicated loan to Banco Aliado
- Global Bank, project financing of the Melones Oil Terminal
- Banco de Sabadell, corporate financing for Southstone Investments
- Darby Overseas, minority investment in the Bioerix Group