Angostura Holdings Ltd is a Trinidad-based producer of the world-famous Angostura bitters and of the leading Trinidadian rum brands.

PAF Securities advised First Citizens and its subsidiary, CMMB, on the comprehensive restructuring of US$110 million of existing debt facilities from First Citizens, CMMB, and Clico Investment Bank.

Home Construction Limited (“HCL”) is a Trinidad-based home developer, land owner and construction company, with subsidiaries that own and operate shopping malls, supermarkets and other ancillary businesses.

PAF Securities advised Caribbean Money Market Brokers Ltd (“CMMB”), a subsidiary of Trinidad & Tobago’s First Citizens Bank Ltd., on the structuring and provision of a new US$12.8 million long-term debt financing to HCL as part of the comprehensive restructuring of HCL’s debt facilities.

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.

PAF Securities advised First Citizens on the comprehensive restructuring of US$171 million in existing long-term debt facilities provided to HCL for the construction of its One Woodbrook Place mixed-use real estate (residential, retail and office) development in Port-of-Spain.

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.

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.

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.

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.

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.

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