Bladex co-leads successful syndication of a US$130 million 3-year Senior Term Loan Facility for Banco Aliado, S.A.
Banco Latinoamericano de Comercio Exterior, S.A. (BLX)
Last banco latinoamericano de comercio exterior, s.a. earnings: 10/18 07:00 am
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Source: PR Newswire
PANAMA CITY, Dec. 2, 2019 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank") today announced the successful closing of a US$130 million 3-year senior, amortizing term loan facility (the "Facility") for Banco Aliado, S.A. ("Banco Aliado"). Established in Panama in 1992, Banco Aliado is the leading Panamanian mid-sized general license bank, ranking 4th largest in terms of total assets (US$2.6 billion as of June 30, 2019) and net loan portfolio (US$2.0 billion). The bank is 100% owned by Grupo Aliado, S.A., a financial group comprised of renowned Panamanian entrepreneurs with extensive experience in foreign trade, ports, real estate, and tourism. Bladex acted as Joint Lead Arranger and Bookrunner, together with JPMorgan Chase Bank, N.A. ("J.P. Morgan") and Banistmo, S.A. ("Banistmo"), and will act as Administrative Agent under the Facility. The Facility was closed following Banco Aliado's acquisition of Banco Panamá, S.A. ("Banco Panama"), the nint
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