Bladex leads successful international syndication of an $80 million 3-year Senior Unsecured Term Loan Facility for Panamanian-based Banco Aliado S.A.

Latin America - español

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Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)

Jul 01, 2014, 08:00 ET

PANAMA CITY, July 1, 2014 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"; NYSE: BLX) announced the recent closing of a US$80 million 3-year amortizing syndicated term loan facility (the "Facility") in favor of Banco Aliado S.A. ("Banco Aliado").

Established in Panama in 1992, Banco Aliado is the fourth largest Panamanian-owned bank in terms of consolidated assets and net loan portfolio. The bank is 100% owned by Grupo Aliado S.A., a financial group comprised of renowned Panamanian entrepreneurs with extensive experience in local and foreign trade.

Bladex was the Sole Lead Arranger and Bookrunner of the transaction, and will also act as the Administrative Agent.

This transaction marks Banco Aliado's first international syndicated loan, successfully broadening the bank's sources of funding across Latin America and the US. Proceeds will be used to propel the growth of the bank's medium-term operations.

The transaction was 1.7x oversubscribed, attracting 13 financial institutions based in the US, Colombia, Brazil, Panama, Venezuela, and Trinidad and Tobago.

Following the robust interest from Latam and US banks, Banco Aliado upsized its Facility to US$80 million from an original US$50 million target transaction.

The success of this transaction underscores Bladex´s growing presence in the Latin American syndicated loan space, and its access to a wide network of regional and international financial institutions.

Bladex is a supranational bank established by the central banks of Latin-American and Caribbean countries, to promote foreign trade finance and economic integration in the Region. Bladex is listed on the NYSE-Euronext in the United States (ticker symbol: BLX). In 2014, Bladex is celebrating the 35^th anniversary of commencement of operations.

Bladex´s shareholders include central banks, state-owned entities and commercial banks from 23 Latin American countries, as well as international banks and institutional and retail investors through its public listing.

The Bank, headquartered in Panama, has offices in Argentina, Brazil, Colombia, Mexico, Peru, and the United States of America, to support the expansion and servicing of its client base, which includes financial institutions and corporations.

For further information, please access Bladex's website on the Internet at www.bladex.com or contact:

Mr. Christopher Schech, Chief Financial Officer
Tel.: (+507) 210-8630, E-mail: [email protected]
Bladex, Head Office, Torre V, Business Park, Avenida La Rotonda, Urb. Costa del Este,
Panama, Republic of Panama

SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)