News & Resources

PMA acted as counsel to UBS and Popular Securities in a $400 million public underwritten preferred stock offering by Popular, Inc. This transaction which closed in May 2008 represents the largest public offering of equity securities in the Puerto Rico market.

A team of PMA attorneys, led by Ignacio Alvarez, Antonio Santos and Antonio Molina represented Bahía Beach CH Development, LLC in the successful closing in June 2008, of a $119 million financing for the construction of the St. Regis Bahía Beach Resort, Puerto Rico’s first five star hotel. PMA has been assisting this client in the overall development of the 600 acre Bahía Beach Resort since its commencement.

PMA recently represented the purchaser in the acquisition of substantially all the assets of Puerto Rico’s largest coffee enterprise, Yaucono, which closed in June 2008. PMA also acted as the lead counsel to the seller in the sale of Borschow Hospital & Medical Supplies, Inc. to a subsidiary of Cardinal Health, Inc., which closed in August 2008.

The Puerto Rico Court of First Instance, Mayagüez Part, dismissed the dealer’s claim with prejudice after two weeks of trial. Partners Jorge I. Peirats and Oreste R. Ramos were counsel for the successful defendant.