Since 2003, PAF Securities and its affiliate Pan American Finance have helped shareholders, management teams and investors achieve their business development, financing and value creation objectives.
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Unicell Paper Mills Caribbean Limited (“Unicell”) is a Trinidad-based manufacturer of tissue paper products and the leading tissue paper mill in the Caribbean. PAF Securities advised Grand Bay International, an affiliate of Montreal-based Kruger Group, on the restructuring of US$44.5 million in existing long-term bank debt and the structuring of US$10.5 million in new working capital facilities from the IFC, RBTT Bank, First Citizens Bank and the Export-Import Bank of Trinidad & Tobago. |
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First Citizens Bank Limited (“First Citizens”) is a leading commercial bank in Trinidad & Tobago. Founded in 1993 through the merger of three banks, First Citizens is wholly-owned by the Republic of Trinidad & Tobago and, effective upon completion of the 2009 transactions, had total assets of over US$ 4 billion. PAF Securities advised First Citizens on the acquisition of Caribbean Money Market Brokers (CMMB), the former subsidiary of CL Financial. |
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First Citizens Bank Limited (“First Citizens”) is a leading commercial bank in Trinidad & Tobago. Founded in 1993 through the merger of three banks, First Citizens is wholly-owned by the Republic of Trinidad & Tobago and, effective upon completion of the 2009 transactions, had total assets of over US$ 4 billion. PAF Securities advised First Citizens on a new US$ 50 million capital commitment by the Republic of Trinidad & Tobago. |
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First Citizens Bank Limited (“First Citizens”) is a leading commercial bank in Trinidad & Tobago. Founded in 1993 through the merger of three banks, First Citizens is wholly-owned by the Republic of Trinidad & Tobago and, effective upon completion of the 2009 transactions, had total assets of over US$ 4 billion. PAF Securities advised First Citizens on the assumption of approximately US$ 280 million in customer deposits from CLICO Investment Bank following its intervention and closure by the Central Bank of Trinidad & Tobago. |
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Papeles Nacionales, S.A. (“Panasa”) is a Colombian manufacturer of tissue paper products and an affiliate of Montreal-based Kruger Group. Pan American Finance advised Panasa on a comprehensive restructuring of its Peso denominated debt, reducing its local bank debt from US$24 million to US$14 million. Corfinsura acted as a local co-advisor in this transaction. In addition, Pan American Finance arranged a new US$10 million 8-year senior-debt financing from the German development bank, DEG. |
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Papeles Nacionales, S.A. ("Panasa") is a Colombian manufacturer of tissue paper products and an affiliate of Montreal-based Kruger Group. Pan American Finance acted as advisor to the company in the purchase of minority shareholders' stakes and the de-listing of the company's publicly-traded shares from the Bogota and Luxembourg stock exchanges as well as NASDAQ's PORTAL Market. |
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Frigorifico Canelones, S.A. is a leading manufacturer and exporter of frozen and fresh meat and related products in Uruguay. During the banking crisis of 2002 - 2003, Pan American Finance advised the company on a debt and equity restructuring, including a debt buy-back from a U.S. based investor, the placement of equity with a U.K. based company, a new pre-export financing facility from a European bank, and a US$6 million long-term senior-debt financing for future capital expenditures from the German development bank, DEG. |
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