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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Papeles Nacionales, S.A. (“Panasa”) is a Colombian manufacturer of tissue paper products and an affiliate of Montreal-based Kruger Group. Pan American Financeadvised 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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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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