Eric Carles

Eric Carles

Associate

Banking & Finance / Corporate and M&A / Energy

Bar admissions: New York and Panama

New York law experience: DLA Piper LLP (US)

Summary

Eric’s practice focuses on complex financing transactions, including corporate and project financings, capital markets, mergers and acquisitions, and joint ventures. Eric particularly works with lenders, borrowers, and issuers in connection with secured and unsecured facilities, securities offerings, asset-based financings, syndicated loans, project financings, mezzanine financings, and debt restructurings.  Prior to joining SIGMA, Eric worked as an attorney for DLA Piper (US), where he represented financial institutions in cross-border project financings across Latin America and Africa.

Experience outside SIGMA

  • DLA Piper LLP (US), Washington, D.C., attorney (2017-2018)
  • Arias, Fábrega & Fábrega, Panama City, attorney and law clerk (2012-2016)

Education

  • Georgetown University Law Center, LL.M. in Securities and Financial Regulation (2016-2017)
  • Universidad Católica Santa María la Antigua, LL.B. (2012-2016)
  • University of the Ozarks, B.S. in Economics (2008-2012)

Bar Admissions

  • New York (2018)
  • Panama (2016)

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
  • Glenfarne Group, refinancing of US$65 million in existing debt of its three hydroelectric power plants
  • InterEnergy Group, simultaneous acquisition and bridge financing for Phase II of the first wind power project in Panama
  • Bancolombia, financing for Corporación de Energía del Istmo for the construction of two hydroelectric power generation plants
  • Banco General, corporate financing of Phoenix Tower International
  • Darby Overseas, minority investment in the Biopas Group, specialty pharmaceutical distribution company with operations in thirteen Latin American countries
  • International Finance Corporation (IFC) and other lenders, syndicated loan to AES Corporation for the construction of a liquefied natural gas (LNG) import terminal and combined-cycle natural gas fired power plant
  • InterEnergy Group, acquisition of Pedregal Power Company, a thermoelectric power plant
  • Moody’s Corporation, acquisition of Equilibrium Calificadora de Riesgo
  • Panamanian Government, acquisition of MiBus as the concessionaire of bus transportation in Panama City