Simpson Thacher represented JPMorgan Chase Bank, N.A. and Banco Latinoamericano de Comercio Exterior, S.A., as joint lead arrangers, in connection with the acquisition financing for Imperia Intercontinental Inc.’s acquisition of Scotiabank’s banking and insurance business in El Salvador, including Scotiabank El Salvador and Scotia Seguros.
Imperia Intercontinental Inc. is the primary shareholder of Banco Cuscatlán de El Salvador, one of the principal banks in El Salvador, and Seguros e Inversiones, a leading insurance company in El Salvador.
The Simpson Thacher team included Jaime Mercado, Pablo Richards, Joshua Bernard, Teresita Acedo and Luana Torres (Corporate); and Jasmine Hay (Tax).