Bladex co-leads successful syndication of a US$85 million three-Year Senior Unsecured Amortizing Facility for Banco BAC San José, S.A. (Costa Rica)
Get Alerts AVAL Hot Sheet
Join SI Premium – FREE
PANAMA CITY, June 24, 2016 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or "the Bank"; NYSE: BLX) announced the recent closing of a US$85 million, three year, syndicated loan facility in favor of Banco BAC San José, S.A. ("BAC San José"), the largest privately-owned bank in Costa Rica.
BAC San José is a subsidiary of BAC Credomatic Inc., a leading Central American banking group with operations in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama and Mexico. BAC Credomatic Inc. is a full-service financial institution with the leading credit card issuance and merchant-acquiring franchise in Central America. BAC Credomatic Inc. is owned by Grupo Aval Acciones y Valores S.A. (NYSE: AVAL), Colombia's largest banking group based on total assets.
Bladex acted as Joint Lead Arranger and Bookrunner under the Facility, together with Wells Fargo Securities, LLC. Bladex will also act as the Administrative Agent for this Facility.
BAC San José's first international syndication facility broadens its base of funding relationships, with the participation of nine financial institutions from Asia, the United States of America, South America, Central America and the Caribbean. Proceeds will be used for general corporate purposes.
Bladex is a multinational bank originally established in 1976 by the central banks of Latin-American and Caribbean countries to promote foreign trade finance and economic integration in the Region. The Bank, headquartered in Panama, operates throughout the Region with 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.
Bladex is listed on the NYSE in the United States of America (NYSE: BLX), since 1992, and its shareholders include central banks, state-owned banks and entities representing 23 Latin American countries, as well as commercial banks and financial institutions, institutional and retail investors through its public listing.
For further information, please access Bladex's website at www.bladex.com or contact:
Mr. Christopher Schech, Chief Financial Officer E-mail address: [email protected], Tel.: (+507) 210-8630 Head Office Address: Torre V, Business Park, Avenida La Rotonda, Urb. Costa del Este, Panama, Republic of Panama
Logo - http://photos.prnewswire.com/prnh/20150721/239065LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bladex-co-leads-successful-syndication-of-a-us85-million-three-year-senior-unsecured-amortizing-facility-for-banco-bac-san-jose-sa-costa-rica-300289767.html
SOURCE Banco Latinoamericano de Comercio Exterior, S.A. (Bladex)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tuktu Resources Ltd. Announces 2023 Year-End Results and Reserves
- Pinetree Capital Ltd Announces Unaudited Financial Results for the Period Ended March 31, 2024
- Erie, Pittsburgh Injury Lawyer Legal Representation for Delayed Cancer Diagnosis
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
Wells FargoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!