NEW YORK – June 17, 2024 – Global law firm Greenberg Traurig, LLP advised Ecuadorian bank Banco del Pacifico S.A. on the issuance of a new series of notes under its diversified payment rights securitization program.
The $125 million Series 2024-1 Notes were issued by Ecuador Diversified Payment Rights, the program’s special purpose vehicle issuer, to several institutional investors in the Americas led by Banco Santander, S.A.. The transaction, which closed June 13, is the second instance Greenberg Traurig has advised on future flow securitization programs established by an Ecuadorian bank.
Founded in 1972, Banco del Pacifico is a financial institution that serves small and large businesses with a network of 1,077 locations. The bank’s main office is in Guayaquil, Ecuador.
The Greenberg Traurig team representing Banco del Pacifico was led by New York Corporate Shareholder Oscar Stephens with the support of New York Law Clerk Catalina Rodriguez Trout.
About Greenberg Traurig's Latin America Practice: Greenberg Traurig’s award-winning Latin America Practice draws on resources from our offices in Chicago, Houston, Los Angeles, Mexico City, Miami, New York, Washington D.C., and elsewhere around the world, bringing together a multidisciplinary team of more than 120 lawyers to help clients identify and capitalize on business opportunities in Latin America, the Iberian Peninsula, and the Caribbean. Since the founding of the firm, Greenberg Traurig has been inextricably linked to Latin America and has represented many of the family enterprises that are today among Latin America’s largest companies. By addressing real-world problems for clients on a regular basis, our team has developed a breadth of experience in Latin America that sets us apart.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.